Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Rises, Drexel Hamilton Initiates With ‘Buy’ Rating

[at TheStreet] – Texas Instruments (TXN) stock was initiated with a ‘buy’ rating at Drexel Hamilton because of the company’s dominance in the analog semiconductor industry. Read more on this. Texas Instruments Inc. (TXN) , with a current value of $55.14B, started the session at $54.34. Looking at today’s trading action, the company’s one day range from $53.98 to $54.63 and has traded between $43.49 and $59.67 over the past 12 months. Texas Instruments (TXN) shares are currently priced at 18.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.89x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.85%. In a review of the consensus earnings estimate this quarter, 32 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. Investors should also note that the full-year EPS estimate of $2.88 is a $0.06 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. Recently, 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 $57.35, which is 5.54% 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 Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments board declares quarterly dividend Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Upgraded at Oppenheimer