Semiconductor producer, Texas Instruments Incorporated(
) 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 (
) 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(
)is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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, as well as a detailed explanation of
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