Bloomberg / Associate / Getty Pictures
-
Texas instruments shares collapsed on Friday, leading other supplies of analog chips.
-
The losses followed after the disappointing prognosis of obtaining the company raised worries about wider winds in the industry.
-
Jefferies analysts said that the prognosis of the world’s largest analog maker of chips suggested that the recovery of analog chips could be more slower than it was predicted before.
Texas instruments (Txn) The shares fell on Friday, leading other supplies of analog chips lower and weighing on the main indices.
Texas instruments was the worst effect in S & P 500with the shares of more than 7% to close on Friday at $ 185.52. The move followed the day after the company disappointing prognosis of profit There was a concern that the analogical chip market could face a slower recovery than it was foreseen.
Stocks Microchip Technology (Mchp), Analog devices (Adi), Onsemi (ON) and NXP semiconductors (Nxpi), also lost soil, with the technological sector dragged Benchmark index lower. The S&P 500 fell by 0.3%, while the Tech-Teški nadaq slid 0.5%.
Jefferies analysts said that Outlook Texas instruments had set out to hope to signal a recovery and indicated that the cycle may not reach the bottom, with the automatic segment “still correcting further and there is still no signs of industrial recovery.” According to Jefferies, over 70% of Texas instruments products are sold on car and industrial end markets.
Analysts suggested that the recovery of analog segment could come later this or next year, but warned that consumption and growing texas instruments could show significant winds than predicted, pressing margins. Jefferies held a rating of “Hold” and a price of $ 185 for shares.
Morningstar strategist Brian Colello, who raised his price at $ 185 with $ 175, called him a “somewhat short -term calculation” for Texas instruments after a few quarters of stock buildup, but said he remained convinced of the company, adding that her investments were in her investment Higher marble chips could pay off in the long run.
Seven of the 12 analysts surveyed by Vidible Alpha gave the stakeholder “Hold” from Friday, while three were “buying” and two “Selling” grades. Their target target goal of around $ 205 would suggest close to 11% upside down.
Read the original article about Investopedia
