Why Texas Instruments Stock Is Trading Higher Today

Comments
Loading...

Texas Instruments Inc TXN is trading higher Wednesday morning after the company announced better-than-expected fourth-quarter financial results and issued guidance above estimates.

Texas Instruments reported quarterly adjusted earnings of $2.27 per share, which beat the $1.94 estimate. The company reported quarterly revenue of $4.83 billion, which beat the estimate of $4.43 billion and represented a 19% increase year-over-year.

Texas Instruments said it expects first-quarter earnings to be in a range of $2.01 to $2.29 per share versus the estimate of $1.90 per share. The company expects revenue to be in a range of $4.5 billion to $4.9 billion versus the estimate of $4.36 billion.

  • Deutsche Bank analyst Ross Seymore maintained Texas Instruments with a Hold rating and raised the price target from $170 to $180.
  • Mizuho analyst Vijay Rakesh maintained Texas Instruments with a Neutral rating and raised the price target from $185 to $190.

See Also: Recap: Texas Instruments Q4 Earnings

TXN Price Action: Texas Instruments has traded as low as $161.67 and as high as $202.26 over a 52-week period.

The stock was up 4.9% at $182.49 at time of publication.

Photo: courtesy of Texas Instruments.

Overview Rating:
Good
62.5%
Technicals Analysis
100
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!