Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments board declares quarterly dividend

[PR Newswire] – DALLAS, Jan. 21, 2016 /PRNewswire/ — The Board of Directors of Texas Instruments Incorporated (NASDAQ: TXN) today declared a quarterly cash dividend of $0.38 per share of common stock, payable February … Read more on this. Texas Instruments Inc. (TXN) , valued at $50.55B, began trading this morning at $49.63. Today’s price range has been between $49.01 and $50.86 per share and has traded between $43.49 and $59.99 over the past 12 months. Priced at 17.95x this year’s forecasted earnings, TXN shares are relatively expensive compared to the industry’s 8.77x forward p/e ratio. The company pays shareholders $1.52 per share annually in dividends, yielding 3.15%. According to a consensus of 31 analysts, the earnings estimate of $0.69 per share would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.73 would be a $0.23 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.20 Billion. If realized, that would be a 2.14% decrease over the year-ago quarter. Recently, Bernstein downgraded TXN from Outperform to Mkt Perform (Dec 18, 2015). Previously, Charter Equity upgraded TXN from Mkt Perform to Buy. The average price target for TXN shares is $58.47, which is 17.81% 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 Market Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments board declares quarterly dividend Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments Rallies Off Increased Dividend, Share Buyback