Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments Forecast Meets Estimates Amid Slowdown

[at Bloomberg] – Texas Instruments Inc., the biggest maker of analog semiconductors, predicted sales and profit in the current period that were in line with analysts’ estimates even as chip companies grapple with a worldwide … Read more on this. Texas Instruments Inc. (TXN) , with a current market cap of $51.40B, opened at $50.41. Looking at the stock, its one day range is $49.97 to $51.56 with a trailing 52-week range being $43.49 to $59.99. TXN shares are currently priced at 18.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.14x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 3.04%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.69 per share, which would be $0.07 worse than the year-ago quarter and a $0.01 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 predicated on a consensus revenue forecast of $3.20 Billion. If reported, 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. When considering if the stock is under or overvalued, the average price target is $58.47, which is 15.99% above where the stock opened this morning. See more in (NASDAQ:TXN) Similar Articles: Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments to webcast 4Q15 and 2015 earnings conference call Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Upgraded at Oppenheimer Market Update: Texas Instruments Inc (NASDAQ:TXN) – Exclusive: Texas Instruments amid "multimillion-dollar renovation" of Dallas HQ