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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.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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