Dallas, Texas 05/01/2014 (FINANCIALSTRENDS) – Texas Instruments Incorporated (NASDAQ:TXN) has been rated a ‘buy’ by equities research analyst at Citigroup Inc. Other analysts too are recommending this technology stalwart as a buy.
Texas Instruments Incorporated (NASDAQ:TXN) is one of key players from the chip-industry along with other technology companies such as IBM, Cisco and more, had laid the foundations of computing technology as it is today.
4 Product Segments
With the company currently operating in four division, – Analog, Wireless as well as Embedded Processing and others – it has been developing its range of products which have set benchmarks in the industry. The products are typically integrated circuits which are used in interface with a list of devices, distributor as well as managing power and have better improving signal resolution.
Texas Instruments Incorporated (NASDAQ:TXN) has been selling catalog as well as a range of semiconductor products which are sometimes custom built. The company has now expanded further and is now providing a range of custom products which are end-equipment upgrade cycles and are in use anywhere between 12 to 24 months. The company has since built its production facilities through the acquisition of units in Chinese Hi-Tech zones at the UTAC Chengdu Ltd.
Texas Instruments are now witness to insider selling where over 15,000 shares are sold from the company stock, on Friday April 25, 2014. The sale price for this stock was at an average price of $46.78. The entire transaction is valued at $701,700.00.
Receives upgrades by analyst
Considering the recent run-up the company has had in terms of sales, upgrades and product development, leading analysts have provided research notes, while analysts too have provided ratings since.
Besides, Texas Instruments have reported revenue growth, up by 3.4% in comparison to previous year for the same quarter.
With current analyst expectation that the earnings per share for this year to be in the range of $2.31, and TI too indicating positive growth, analysts recommend ‘buy’ for this stock.