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Hot Stocks
Texas Instruments not commenting on May trends » 11:12
05/28/20
05/28
11:12
05/28/20
11:12
TXN

Texas Instruments

$117.95 /

+0.13 (+0.11%)

Texas Instruments says it…

Texas Instruments says it will "stick with what we talked about it April," but will give an update of how things have shaped through the quarter on the Q2 earnings call. Comments taken from the Bernstein Strategic Decisions Conference.

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TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

05/27/20 Morgan Stanley
Morgan Stanley upgrades Sensata to Equal Weight with June quarter seen as bottom
04/24/20 Loop Capital
Avnet initiated with a Hold at Loop Capital
04/22/20
Fly Intel: Top five analyst initiations
04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

TXN Texas Instruments
$117.95 /

+0.13 (+0.11%)

Wednesday
Upgrade
Morgan Stanley upgrades Sensata to Equal Weight with June quarter seen as bottom » 08:09
05/27/20
05/27
08:09
05/27/20
08:09
ST

Sensata

$36.24 /

+1.34 (+3.84%)

, TXN

Texas Instruments

$115.78 /

+2.3 (+2.03%)

, ON

ON Semiconductor

$16.67 /

+0.93 (+5.91%)

As previously reported,…

As previously reported, Morgan Stanley analyst Craig Hettenbach upgraded Sensata (ST) to Equal Weight from Underweight with a price target of $35, up from $33. While the path to a recovery is uncertain, the June quarter "is likely as bad as it gets for Sensata," contends Hettenbach. Sensata estimates have been reset harder than peers and the stock has meaningfully underperformed, leaving him seeing greater risks to stocks that "trade at unwarranted premium valuation multiples," such as Texas Instruments (TXN), or where "competition is more intense," such as ON Semiconductor (ON), Hettenbach tells investors.

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TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

ST Sensata
$36.24 /

+1.34 (+3.84%)

ON ON Semiconductor
$16.67 /

+0.93 (+5.91%)

ST Sensata
$36.24 /

+1.34 (+3.84%)

05/27/20 Morgan Stanley
Sensata upgraded to Equal Weight from Underweight at Morgan Stanley
04/20/20 Loop Capital
Sensata initiated with a Buy at Loop Capital
04/13/20 Goldman Sachs
Sensata upgraded to Buy from Neutral at Goldman Sachs
03/16/20 SunTrust
Avnet upgraded to Hold, Belden to Buy at SunTrust
TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

04/24/20 Loop Capital
Avnet initiated with a Hold at Loop Capital
04/22/20
Fly Intel: Top five analyst initiations
04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
ON ON Semiconductor
$16.67 /

+0.93 (+5.91%)

05/12/20
Fly Intel: Top five analyst downgrades
05/12/20 Loop Capital
ON Semiconductor price target lowered to $17 from $18 at Loop Capital
05/12/20 Raymond James
ON Semiconductor downgraded to Outperform at Raymond James on valuation
05/12/20 Mizuho
ON Semiconductor price target lowered to $21 from $24 at Mizuho
TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

ST Sensata
$36.24 /

+1.34 (+3.84%)

ON ON Semiconductor
$16.67 /

+0.93 (+5.91%)

TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

ON ON Semiconductor
$16.67 /

+0.93 (+5.91%)

TXN Texas Instruments
$115.78 /

+2.3 (+2.03%)

ON ON Semiconductor
$16.67 /

+0.93 (+5.91%)

Over a week ago
Options
Texas Instruments put volume heavy and directionally bearish » 10:15
05/04/20
05/04
10:15
05/04/20
10:15
TXN

Texas Instruments

$109.54 /

-0.09 (-0.08%)

Bearish flow noted in…

Bearish flow noted in Texas Instruments with 2,030 puts trading, or 2x expected. Most active are Jul-20 110 puts and May-20 120 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.08, while ATM IV is up over 2 points on the day. Earnings are expected on July 21st.

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TXN Texas Instruments
$109.54 /

-0.09 (-0.08%)

04/24/20 Loop Capital
Avnet initiated with a Hold at Loop Capital
04/22/20
Fly Intel: Top five analyst initiations
04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
Over a month ago
Options
Texas Instruments put volume heavy and directionally bearish » 13:35
05/01/20
05/01
13:35
05/01/20
13:35
TXN

Texas Instruments

$110.15 /

-4.95 (-4.30%)

Bearish flow noted in…

Bearish flow noted in Texas Instruments with 3,860 puts trading, or 1.2x expected. Most active are 5/1 weekly 117 puts and 5/1 weekly 113 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.90, while ATM IV is up nearly 6 points on the day. Earnings are expected on July 21st.

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TXN Texas Instruments
$110.15 /

-4.95 (-4.30%)

04/24/20 Loop Capital
Avnet initiated with a Hold at Loop Capital
04/22/20
Fly Intel: Top five analyst initiations
04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
Initiation
Avnet initiated with a Hold at Loop Capital » 08:00
04/24/20
04/24
08:00
04/24/20
08:00
AVT

Avnet

$27.29 /

+0.44 (+1.64%)

, TXN

Texas Instruments

$110.40 /

-1.58 (-1.41%)

As previously reported,…

As previously reported, Loop Capital analyst Shawn Harrison initiated coverage of Avnet (AVT) with a Hold rating and $30 price target. The analyst notes that the valuation relative to the company's anticipated free cash flow generation during a downturn is "attractive", but he is concerned about its ability to substantially cut costs and the possibility of a delayed timeline in replacing some $1.6B in lost sales due to its ended distribution relationship with Texas Instruments (TXN).

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AVT Avnet
$27.29 /

+0.44 (+1.64%)

04/23/20 Loop Capital
Avnet initiated with a Hold at Loop Capital
03/19/20 Wells Fargo
Avnet upgraded to Equal Weight from Underweight at Wells Fargo
03/16/20 SunTrust
Avnet upgraded to Hold, Belden to Buy at SunTrust
TXN Texas Instruments
$110.40 /

-1.58 (-1.41%)

04/22/20
Fly Intel: Top five analyst initiations
04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
04/22/20 Oppenheimer
Texas Instruments price target lowered to $120 from $140 at Oppenheimer
Initiation
Fly Intel: Top five analyst initiations » 10:08
04/22/20
04/22
10:08
04/22/20
10:08
HPE

HP Enterprise

$9.07 /

+0.02 (+0.22%)

, CARR

Carrier Global

$15.00 /

+0.3 (+2.04%)

, BILL

Bill.com

$48.51 /

+3.21 (+7.09%)

, TXN

Texas Instruments

$109.27 /

+2.27 (+2.12%)

, APLT

Applied Therapeutics

$35.40 /

-0.05 (-0.14%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. HP Enterprise (HPE) initiated with a Sector Perform at RBC Capital. 2. Carrier Global (CARR) initiated with an Outperform at Cowen. 3. Bill.com (BILL) initiated with an Equal Weight at Wells Fargo. 4. Texas Instruments (TXN) reinstated with a Neutral at Longbow. 5. Applied Therapeutics (APLT) initiated with a Buy at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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HPE HP Enterprise
$9.07 /

+0.02 (+0.22%)

04/22/20 RBC Capital
HP Enterprise initiated with a Sector Perform at RBC Capital
04/07/20 Deutsche Bank
HP Enterprise price target lowered to $13 from $15 at Deutsche Bank
03/31/20
upgraded Fly Intel: Top five analyst upgrades
03/31/20 Wells Fargo
HP Enterprise upgraded to Overweight from Equal Weight at Wells Fargo
CARR Carrier Global
$15.00 /

+0.3 (+2.04%)

04/22/20 Cowen
Carrier Global initiated with an Outperform at Cowen
04/20/20
Fly Intel: Top five analyst initiations
04/20/20 JPMorgan
Carrier initiated with an Overweight, added to Focus List at JPMorgan
04/15/20
Fly Intel: Top five analyst initiations
BILL Bill.com
$48.51 /

+3.21 (+7.09%)

04/22/20 Wells Fargo
Bill.com initiated with an Equal Weight at Wells Fargo
04/01/20 Jefferies
Jefferies says churn at Bill.com has not increased, interest in automation high
03/23/20 KeyBanc
Bill.com price target lowered to $50 from $60 at KeyBanc
03/23/20 KeyBanc
KeyBanc most positive near-term on Shopify, PayPal amid COVID-19 outbreak
TXN Texas Instruments
$109.27 /

+2.27 (+2.12%)

04/22/20 Morgan Stanley
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley
04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
04/22/20 Oppenheimer
Texas Instruments price target lowered to $120 from $140 at Oppenheimer
04/22/20 Loop Capital
Texas Instruments downgraded to Hold from Buy at Loop Capital
APLT Applied Therapeutics
$35.40 /

-0.05 (-0.14%)

04/22/20 Goldman Sachs
Applied Therapeutics initiated with a Buy at Goldman Sachs
02/27/20 Barclays
Applied Therapeutics initiated with an Overweight at Barclays
02/27/20 Barclays
Applied Therapeutics initiated with an Overweight at Barclays
01/27/20 UBS
Applied Therapeutics price target raised to $65 from $20 at UBS
Recommendations
Texas Instruments price target lowered to $94 from $101 at Morgan Stanley » 08:29
04/22/20
04/22
08:29
04/22/20
08:29
TXN

Texas Instruments

$107.00 /

-4.31 (-3.87%)

Morgan Stanley analyst…

Morgan Stanley analyst Joseph Moore lowered the firm's price target on Texas Instruments to $94 from $101 and keeps an Underweight rating on the shares. He views the guidance for Q2 sales declining 21% year-over-year as "the start of the correction as opposed to as bad as it gets," Moore tells investors. He expects "intense pressure" on the autos, industrial, and consumer businesses, which make up 80% of TI's revenue, Moore added.

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TXN Texas Instruments
$107.00 /

-4.31 (-3.87%)

04/22/20 RBC Capital
Texas Instruments price target lowered to $125 from $135 at RBC Capital
04/22/20 Oppenheimer
Texas Instruments price target lowered to $120 from $140 at Oppenheimer
04/22/20 Loop Capital
Texas Instruments downgraded to Hold from Buy at Loop Capital
04/22/20 Longbow
Texas Instruments reinstated with a Neutral at Longbow
Recommendations
Texas Instruments price target lowered to $125 from $135 at RBC Capital » 08:10
04/22/20
04/22
08:10
04/22/20
08:10
TXN

Texas Instruments

$107.00 /

-4.31 (-3.87%)

RBC Capital analyst Mitch…

RBC Capital analyst Mitch Steves lowered the firm's price target on Texas Instruments to $125 from $135 and keeps a Sector Perform rating on the shares. The analyst notes that the company's Q1 results were ahead of expectations, but Q2 guidance was set weaker due to demand pressure related to COVID-19 outbreak. Steves further states that Texas Instruments expects the PC business uplift to be short-lived, as the company continues to focus on its Industrial and Auto segments.

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TXN Texas Instruments
$107.00 /

-4.31 (-3.87%)

04/22/20 Oppenheimer
Texas Instruments price target lowered to $120 from $140 at Oppenheimer
04/22/20 Loop Capital
Texas Instruments downgraded to Hold from Buy at Loop Capital
04/22/20 Longbow
Texas Instruments reinstated with a Neutral at Longbow
04/17/20 Barclays
Texas Instruments downgraded to Underweight from Equal Weight at Barclays
Recommendations
Texas Instruments price target lowered to $120 from $140 at Oppenheimer » 07:55
04/22/20
04/22
07:55
04/22/20
07:55
TXN

Texas Instruments

$107.00 /

-4.31 (-3.87%)

Oppenheimer analyst Rick…

Oppenheimer analyst Rick Schafer lowered the firm's price target on Texas Instruments to $120 from $140 and keeps an Outperform rating on the shares. The analyst notes that the company reported mixed earnings. He expects to see recovery in 2021 and free cash flow to remain strong through the downturn.

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TXN Texas Instruments
$107.00 /

-4.31 (-3.87%)

04/22/20 Loop Capital
Texas Instruments downgraded to Hold from Buy at Loop Capital
04/22/20 Longbow
Texas Instruments reinstated with a Neutral at Longbow
04/17/20 Barclays
Texas Instruments downgraded to Underweight from Equal Weight at Barclays
04/17/20 Barclays
Texas Instruments downgraded to Underweight from Equal Weight at Barclays
Downgrade
Texas Instruments downgraded to Hold from Buy at Loop Capital » 07:16
04/22/20
04/22
07:16
04/22/20
07:16
TXN

Texas Instruments

$107.00 /

-4.31 (-3.87%)

Loop Capital analyst…

Loop Capital analyst Shawn Harrison assumed coverage of Texas Instruments with a lower rating of Hold from Buy and a reduced price target of $108, down from $145. The analyst remains confident that the company will continue to generate cash, deploy capital - even during the downturn - toward opportunities offering the best returns, and execute at a high level. However, Harrison is "struggling" to see upside catalysts on Texas Instruments stock given his anticipated "modest" improvement in the second half of the year and the current valuation on the shares at 19-times prior peak earnings of $5.63, which is in line with its 5-year average forward earnings of 19.5-times.

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TXN Texas Instruments
$107.00 /

-4.31 (-3.87%)

04/22/20 Longbow
Texas Instruments reinstated with a Neutral at Longbow
04/17/20 Barclays
Texas Instruments downgraded to Underweight from Equal Weight at Barclays
04/17/20 Barclays
Texas Instruments downgraded to Underweight from Equal Weight at Barclays
04/13/20 Morgan Stanley
Morgan Stanley downgrades Texas Instruments to Underweight on gross margins risk

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