Texas Instruments (TXN) Stock Up in After-hours Trading Following Earnings

Texas Instruments Incorporated (NASDAQ:TXN) will publish its second-quarter earnings report for the running fiscal year (2QFY15) on July 22, after the closing chimes on the trading session today. Of 39 analysts providing coverage on the stock, 14 recommend Buy, whereas 23 suggest a Hold rating. They have a $180.00 price target on that stock, down previously from $190.00.

Texas Instruments (NASDAQ:TXN) traded down 3.52% during mid-day trading on Wednesday, hitting $48.46. The 52-week high of the stock is reported to $59.99, with a 52-week low is noted to be at the $41.47. The stock has a 50-day moving average of $52.21 and a 200-day moving average of $55.11. The company has a market cap of $51.35B and a P/E ratio of 17.9. It expects earnings of $0.62 to $0.72 per share, versus analysts’ expectations of $0.75 per share.

The company reported earnings of 65 cents per share for the most recent quarter, a 5% increase compared with earnings of 62 cents per share for the 2014 second quarter.

A number of other analysts have also recently weighed in on TXN.

In the same quarter a year ago, the company recorded $3.29 billion in revenue, and surpassed the analysts’ estimate of $3.27 billion.

The Street is neutral on Texas Instruments stock. Zacks has also assigned Texas Instruments an industry rank of 196 out of 265 based on the ratings given to related companies. The brokerage firm has issued a Buy rating on the shares. Northside Capital Management Llc is another quite bullish investment manager who is having 396,423 shares of Texas Instruments or 15.4% of their United States equity exposure. Finally, analysts at Raymond James upgraded shares of Texas Instruments from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Texas Instruments Inc. has dropped 13.37% during the last 3-month period. The net result was for 1 transaction, worth $825,080.

Next up, we look at analysts’ recommendation on the stock; with analysts at Deutsche Bank with bleak or stagnant development in the company, tagging it a Hold. The Company’s Embedded Processing segment includes the following product lines: Processor, Microcontrollers and Connectivity. Its other major business is embedded processing, chips that are used to control specific higher functions in equipment such as industrial machinery.