Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Adam Eckert

Why Texas Instruments Stock Is Trading Higher Today

Texas Instruments Inc (NASDAQ: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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.