Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Upgraded at Oppenheimer

[at TheStreet] – Texas Instruments (TXN) was boosted to ‘outperform’ from ‘perform’ at Oppenheimer on Monday evening. Read more on this. Texas Instruments Inc. (TXN) , currently valued at $58.38B, started trading this morning at $57.30. Today, shares have traded between $56.85 and $57.94 per share with a trailing 52-week range being $43.49 to $59.99. TXN shares are currently priced at 20.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.04x forward p/e ratio. The company pays shareholders $1.52 per share in dividend income per year, for a current yield of 2.70%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.69 per share, which would be $0.07 worse than the year-ago quarter and a $0.06 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.72 would be a $0.22 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.21 Billion. If reported, that would be a 1.83% decrease over the year-ago quarter. In terms of ratings, Macquarie upgraded TXN from Neutral to Outperform (Aug 10, 2015). Previously, Mizuho Initiated TXN at to Neutral. The average price target for TXN shares by the analysts covering it is $58.14, which is 1.47% above where the stock opened. See more in (NASDAQ:TXN) Similar Articles: Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments collaborates with Microsoft to speed Internet of Things (IoT) development Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Is Texas Instruments a Good Value Play? Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments Rallies Off Increased Dividend, Share Buyback