Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Higher in Pre-Market Trading on Earnings Beat

[at TheStreet] – Texas Instruments (TXN) stock is up in pre-market trading on Thursday after the company reported its 2015 fourth quarter financial results after the market close yesterday. Read more on this. Texas Instruments Inc. (TXN) , valued at $51.24B, started trading this morning at $50.68. Looking at today’s market, TXN one day range is $50.39 to $52.00 with a trailing 52-week range being $43.49 to $59.99. TXN shares are currently priced at 17.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.14x forward p/e ratio. The company pays shareholders $1.52 per share annually in dividends, yielding 3.04%. Consensus earnings for the current quarter by the 31 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.96 is a $0.23 better 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 $3.11 Billion. If realized, that would be a 1.27% 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. Investors should keep in mind is that the average price target is $58.47, which is 15.37% 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 Stock Update: Texas Instruments Inc (NASDAQ:TXN) – What To Expect When Texas Instruments (TXN) Reports Earnings