Texas Instruments (TXN) PT Lowered to $180 at UBS
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Texas Instruments (TXN) Shares Surge on Beat-and-Raise, Analysts Positive
January 26, 2022 7:09 AM ESTShares of Texas Instruments (NASDAQ: TXN) are up 4.5% in pre-market Wednesday after the chipmaker reported better-than-expected fourth-quarter earnings and robust demand in the industrial and automotive markets.
The semiconductor company reported a net income of $2.14 billion for Q4, or $2.27 per share. Revenue grew by 19% year-over-year to $4.83 billion, beating the analysts expectations of $4.43 billion, or $1.95 per share.
The profit report showed that the companys sales of analog electronics climbed 20% to $3.76 billion from the year-ago period, topping the analysts consensus of $3.5 billion. Sales of... More
