Analysts At MKM Partners Reiterated Texas Instruments (NASDAQ:TXN) As Neutral

Jul 27, 2016, 00:28

The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.20 billion.

Return on equity (ROE) measures the rate of return on the ownership interest (shareholders' equity) of the common stock owners.

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In Texas Instruments' core businesses, "Embedded Processing revenue grew 9 percent and Analog revenue was about even with the same quarter a year ago". His EPS estimate for the year is now $3.90 up from $3.80 implying about 20x EV/FCF multiple.

Texas Instruments Incorporated (NASDAQ:TXN) on July 25, 2016 reported second-quarter revenue of $3.27 billion, net income of $779 million and earnings per share of 76 cents. The shares closed last trade at $66.22, implying that analysts see shares falling about -6.34 per cent in 12 months' time. The stock's institutional ownership stands at 87.50%. According to the analysts, the company has the Low Price target of $51 whereas, the Mean Target is estimated by the brokers is $62.02. The 200-day MA is $57.32, and this price is $13.66 or +23.83% off from current level.

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"Revenue and earnings per share for the quarter were solidly in the upper half of our expected range", Rich Templeton, CEO of Texas Instruments, said in a statement. The stock was initiated at Underperform, wrote analysts at Credit Agricole, in a note issued to clients on Tuesday May 17, 2016.

Embedded processing sales grew 9% vs. previous year and 4% sequentially. Personal electronics grew sequentially but declined year over year, led by a dip in mobile phones. The corporation holds 1007.00 million outstanding shares and its 1003.08 million shares were floated in the market. Wellington Management Group LLP now owns 11,114,717 shares of the company's stock worth $638,208,000 after buying an additional 953,224 shares during the period. 8 said it's a Buy, 19 assigned Hold rating where 3 stated the stock as Underperform and 0 marked the stock as Sell.

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Randgold Resources Limited (NASDAQ:GOLD) was downgraded by analysts at Morgan Stanley to an "underweight" rating in a report released on Tuesday. In case a stock has a reading in between 0 and 1, it represents undervalued stock. The company presently has a consensus rating of "Hold" and an average target price of $60.57. Crutcher Brian T offloaded 34,126 shares in the company at an average price of $57.04 and ended up generating $1,946,550 in proceeds.

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