TXN - Texas Instruments Reset 'Not A Shocker' Analysts Lower Guidance After Q4 Earnings | Benzinga
Shares of Texas Instruments Inc (NASDAQ: TXN) tanked in premarket trading on Thursday, after the company reported its fourth-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Cantor Fitzgerald analyst C.J. Muse maintained a Neutral rating, while reducing the price target from $180 to $170.
- Mizuho Securities analyst Vijay Rakesh reiterated a Neutral rating, while slashing the price target from $170 to $164.
- Truist Securities analyst William Stein reaffirmed a Hold rating, while tweaking the price target from $169 to $168.
- KeyBanc analyst John Vinh maintained an Overweight rating, while raising the price target from $180 to $200.
- Stifel analyst Tore Svanberg reiterated a Hold rating and price target of $160.
Check out other analyst stock ratings.
Cantor Fitzgerald: "While a miss was largely expected by the market, the magnitude was not,” Muse wrote in a note. He added that management cut their revenue guidance once again, despite five quarters of year-on-year declines, "actually accelerating to -18% Y/Y — the worst of the current downturn.”
"Mgmt attributed the decline to ...