UBS Raises price Target on Texas Instruments (TXN) to $76; Reiterates Buy
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TI reports 2Q16 financial results and shareholder returns
July 25, 2016 4:30 PM EDTDALLAS, July 25, 2016 /PRNewswire/ --Â Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported second-quarter revenue of $3.27 billion, net income of $779 million and earnings per share of 76 cents.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue and earnings per share for the quarter were solidly in the upper half of our expected range. Compared with a year ago, demand for our products continued to be strong in the automotive market, and grew in the industrial and communications... More