Texas Instruments (TXN) Stock Up Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of Texas Instruments (TXN) - Get Report are increasing 0.69% to $65.94 in afternoon trading Monday ahead of the company's 2016 second quarter earnings report due out after today's closing bell.
Analysts project the Dallas-based technology company to report earnings of 73 cents per share on revenue of $3.2 billion.
Last year, Texas Instruments posted earnings of 65 cents per share on revenue of $3.23 billion.
About 6.04 million of the company's shares changed hands so far today versus its average 30-day volume of 5.29 million shares per day.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate TEXAS INSTRUMENTS INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: TXN
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