B. Riley downgraded Texas Instruments Incorporated (NASDAQ:TXN) to Neutral in a report released today.
- Updated: October 13, 2016
B. Riley has downgraded Texas Instruments Incorporated (NASDAQ:TXN) to Neutral in a report released on 10/11/2016.
Only yesterday Texas Instruments Incorporated (NASDAQ:TXN) traded -1.05% lower at $67.49. Texas Instruments Incorporated’s 50-day moving average is $69.37 and its 200-day moving average is $63.97. The last closing price is up 5.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 2,540,766 shares of TXN changing hands under the typical 5,028,630
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Texas Instruments Incorporated has 52 week low of $46.73 and a 52 week high of $72.58 with a P/E ratio of 22.82 and has a total market value of $0.
A total of 28 brokers have issued a ratings update on Texas Instruments Incorporated. 6 brokers rating the company a strong buy, nine firms rating the stock a buy, 19 analysts rating the company a hold, three equity analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $62.52.
About Texas Instruments Incorporated (NASDAQ:TXN)
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment's product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA). Its Embedded Processing segment's product line includes Processor, Microcontrollers and Connectivity. It is also engaged in smaller product lines, such as DLP products (primarily used in projectors to create high-definition images), certain custom semiconductors known as application-specific integrated circuits (ASICs) and calculators. The Company has design, manufacturing or sales operations in over 30 countries. It also offers baseband products, and OMAP applications processors and connectivity products, which are sold into smartphones and consumer tablets.
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