Market Update (NASDAQ:TXN): Texas Instruments to webcast review and update of Capital Management Strategy

[PR Newswire] – DALLAS, Feb. 4, 2016 /PRNewswire/ — Texas Instruments Incorporated (TI) (NASDAQ: TXN) will webcast a review and update of the company’s Capital Management Strategy on Tuesday, February 9, at 10 a.m. Central … Read more on this. Texas Instruments Inc. (TXN) , valued at $52.01B, opened at $50.46. Today, shares have traded between $50.01 and $51.62 per share with the price of the stock fluctuating between $43.49 to $59.99 over the last 52 weeks. Priced at 17.45x this year’s forecasted earnings, TXN shares are relatively expensive compared to the industry ’s 9.50x forward p/e ratio. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.88%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.88, which would be a $0.15 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.98 Billion. If realized, that would be a 5.40% decrease over the year-ago quarter. In terms of ratings, Goldman downgraded TXN from Neutral to Sell (Feb 3, 2016). Previously, Bernstein downgraded TXN from Outperform to Mkt Perform. The average price target for TXN shares is $57.30, which is 13.56% 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 Higher in Pre-Market Trading on Earnings Beat Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments to webcast 4Q15 and 2015 earnings conference call Market Update: Texas Instruments Inc (NASDAQ:TXN) – Former Texas Instruments campus in Plano getting $100M overhaul