Stock Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments draws call selling

[optionMONSTER] – Traders apparently believe that upside potential will be limited for Texas Instruments in the next several weeks. optionMONSTER’s tracking programs detected the sale of 12,555 May 62.50 calls for $0.27 … Read more on this. Texas Instruments Inc. (TXN) , valued at $57.72B, began trading this morning at $58.12. Looking at today’s market, TXN one day range is $57.37 to $58.21 with a one year range of $43.49 to $59.67. Priced at 20.20x this year’s forecasted earnings, TXN shares are relatively expensive compared to the industry’s 3.69x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 2.69%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.62 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.89 is a $0.07 improvement when compared to the previous year’s annual results. 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 the stock is $57.76, which is 0.62% below where the stock opened this morning. See more in (NASDAQ:TXN) Similar Articles: Company Update (NASDAQ:TXN): Texas Instruments draws more puts 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