Tomahawk, WI 9/12/2013 (BasicsMedia) – The stock of Texas Instrument Inc. (NYSE:TXN) was the subject of research reports of many analysts on The Wall Street. The company recently updated its shareholders on its 3Q13 financial performance results, following which an increase in investor attraction towards this stock was observed.

Analyst Ratings

Equity research analysts at JPMorgan Chase & Co set a price target of $45 per share for the stock of Texas in a recent research note issued to the investors on Wednesday. This price target presents a potential upside movement of the stock by 11.63% from the current closing price. Further, analysts at FBR Capital increased their price target on the shares of Texas to $36 from the earlier target at $33 per share. The analysts currently hold “underperform” rating on the stock. Separately, in a research note analysts at BNP Paribas set a price target of $35 per share for the stock of Texas. Finally, investment analysts at Wedbush raised their price target from $39 to $40 per share for this stock and set an outperform rating. Five research analysts presently have sell rating on the stock, twenty have given hold rating and eight have assigned buy rating to Texas Instruments. The consensus price target fixed up for the stock is presently at $36.17 per share.

Earnings for 2Q13

In the recent earnings report presented on July 22, 2013, Texas Instruments announced EPS at $0.42 for 2Q13, which proved to beat the consensus estimate of analysts reported by Thomson Reuters at $0.41 per share. Revenues for the quarter were reported at $3.05 billion, compared to the consensus estimate fixed at $3.06 billion. The EPS for 2Q12 were reported to be at $0.44. Net profits for 2Q13 were at $660 million or 58 cents per share, representing an increase of 48% YoY. However, the revenues declined 9% over the same period.

On average, analysts presently expect that Texas Instruments would present EPS at $1.94 for the FY13. In addition, it was forecasted that the company would present earnings at $0.49 to $0.57 per share for 3Q13 and the revenues would be at $3.09 to $3.35 billion. However, in the recent shareholder update on the earnings expectations for 3Q13, the company narrowed down its revenue expectations to be in the range of $3.15 to $3.29 billion and EPS to be in the range of $0.51 to $0.55 per share.

The Chief Financial Officer of Texas Instruments, Kevin March in a recent speech at Deutsche Bank 2013 Technology Conference 2013 at Las Vegas reported that the company is presently seeing effective growth in Asia, Japan and the Americas. However, the European markets are declining primarily owing to seasonal vacation. Texas Instruments proved to be at the forefront of the semiconductor industry in the recent months, effectively coming off from two year slump in the sector.

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