Texas Instruments Reports Q4 Guidance in Line with Analysts Estimates (TXN)

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Semiconductor producer, Texas Instruments Incorporated( TXN ) reported on Monday, that they have lowered their Q4 guidance, but expects to be in line with analysts expectations.

TXN reported that they are expecting fourth quarter revenue in the range of $2.89 billion to $3.01 billion, up from their Q4 estimate stated in October, which was in the range of $2.83 billion to $3.07 billion. Both estimates are in line with analysts estimate of $2.95 billion.

The company estimates EPS between 5 cents and 9 cents, down from their prior estimate of 23 cents to 31 cents per share. Analysts are expecting 6 cents per share.


The fourth quarter earnings is likely to be affected by weak customer demand as well as low inventory levels.

Texas Instruments shares were mostly flat during premarket trading Tuesday. The stock is up 2.44% YTD.

The Bottom Line
Shares of Texas Instruments ( TXN ) have a 2.87% dividend yield, based on last night's closing stock price of $29.82. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $31-$32 price levels.

Texas Instruments Incorporated( TXN )is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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