Bernstein Research Downgrades Texas Instruments to “Market Perform” (TXN)
Citing cyclical indicators that suggest a peak in near-term stock price for Texas Instruments Incorporated (TXN), analysts at Bernstein Research downgraded the analog microchip maker.
The analysts downgraded TXN from “Outperform” to “Market Perform” and see shares reaching $38. This valuation suggests a 7% upside to Tuesday’s closing price of $35.62.
Texas Instruments shares were down 32 cents, or -0.91%, during Wednesday morning trading. The stock is up about +9% over the past twelve months.
The Bottom Line
Shares of Texas Instruments (TXN) have a dividend yield of 3.17% based on Wednesday’s intraday trading price of $35.30 and the company’s annualized dividend payout of $1.12 per share.
Texas Instruments Incorporated (TXN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability