Update (9:55 a.m.): Updated with Thursday market open information.
Sterne Agee increased its price target to $44, increased its estimates and set an "underperform" rating given the company's new guidance. Credit Suisse increased its price target to $48, increased its estimates and set a "neutral" rating given the company's new guidance. Barclays increased its price target to $43 and set an "equal weight" rating, as the firm believes the seasonal uplift furthers leverage story.
The stock was up 5.34% to $48.94 at 9:55 a.m. on Thursday.
Separately, TheStreet Ratings team rates TEXAS INSTRUMENTS INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TEXAS INSTRUMENTS INC (TXN) a BUY. 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 revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: