Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments named as a 2016 World’s Most Ethical Company by the Ethisphere Institute for the tenth year

[PR Newswire] – DALLAS, March 7, 2016 /PRNewswire/ — For the tenth consecutive year, Texas Instruments (TI) (TXN), has been recognized as a 2016 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This recognition underscores the company’s commitment to leading ethical business standards and practices. This year TI is among 131 honorees from 21 countries and five continents, representing 54 industries. The full list of the 2016 World’s Most Ethical Companies can be found here. Read more on this. Texas Instruments Inc. (TXN) , valued at $56.21B, began trading this morning at $54.54. Looking at today’s market, TXN one day range is $54.49 to $55.54 with a trailing 52-week range being $43.49 to $59.67. TXN shares are currently priced at 19.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.04x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 2.77%. According to a consensus of 32 analysts, the earnings estimate of $0.62 per share 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 $0.06 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.98 Billion. If reported, 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 by the analysts covering it is $57.35, which is 5.15% above where the stock opened. See more in (NASDAQ:TXN) Similar Articles: Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Rises, Drexel Hamilton Initiates With ‘Buy’ Rating Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments board declares quarterly dividend Market Update: Texas Instruments Inc (NASDAQ:TXN) – Former Texas Instruments campus in Plano getting $100M overhaul