Company Update (NASDAQ:TXN): TechFlash’s 3 things: Here’s what to expect from AT&T, Ericsson, TI at CES

[at American City Business Journals] – This week, tech companies across the world will be headed to Las Vegas for the Consumer Electronics Show. Ericsson, AT&T and Texas Instruments will be among the local heavy hitters in attendance. Also, Nokia has released the latest update on its acquisition of Alcatel-Lucent. Read more on this. Texas Instruments Inc. (TXN) , with a current market cap of $54.91B, opened this morning at $53.55. Looking at the stock, its one day range is $53.37 to $54.23 with a trailing 52-week range being $43.49 to $59.99. TXN shares are currently priced at 20.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.46x earnings multiple. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.77%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.07 worse than the year-ago quarter and a $0.07 sequential increase. The full-year EPS estimate is $2.73, which would be a $0.23 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.21 Billion. If realized, that would be a 1.83% decrease over the year-ago quarter. In terms of ratings, Bernstein downgraded TXN from Outperform to Mkt Perform (Dec 18, 2015). Previously, Charter Equity upgraded TXN from Mkt Perform to Buy. Investors should keep in mind is that the average price target is $58.70, which is 9.62% above where the stock opened this morning. See more in (NASDAQ:TXN) Similar Articles: Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Upgraded at Oppenheimer Stock Update: Texas Instruments Inc (NASDAQ:TXN) – What To Expect When Texas Instruments (TXN) Reports Earnings Company Update (NASDAQ:TXN): Put buying hits Texas Instruments