Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments prices $500 million of investment grade notes

[PR Newswire] – DALLAS, April 29, 2016 /PRNewswire/ — Texas Instruments Incorporated (TI) (NASDAQ: TXN) today announced the pricing of $500 million of 1.850% senior unsecured notes due May 15, 2022. TI expects to use … Read more on this. Texas Instruments Inc. (TXN) , with a current market cap of $57.34B, began trading this morning at $57.71. During the trading session, TXN traded between $56.83 to $58.20 with the price of the stock fluctuating between $43.49 to $60.60 over the last 52 weeks. TXN shares are currently priced at 20.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.03x earnings multiple. The company pays shareholders $1.52 per share annually in dividends, yielding 2.56%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.73 per share, which would be $0.08 better than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.89, which would be a $0.07 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.20 Billion. If realized, that would be a 0.93% decrease over the year-ago quarter. In terms of ratings, Raymond James downgraded TXN from Strong Buy to Outperform (Apr 19, 2016). Previously, Goldman downgraded TXN from Neutral to Sell. The average price target for TXN shares by the analysts covering it is $61.47, which is 6.52% 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 Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Upgraded at Oppenheimer