Microchip maker Texas Instruments Inc. (
) on Thursday caught some tepid commentary from analysts at
Oppenheimer & Co.
The firm maintained its "Outperform" rating on TXN but lowered
its price target to $35. That new target suggests a still-solid 28%
upside to the stock's Wednesday closing price of $27.30.
Oppenheimer also lowered its earnings estimates for the company,
citing signs of a macroeconomic slowdown.
Texas Instruments shares posted modest losses in premarket
The Bottom Line
Shares of Texas Instruments (
) have a 2.49% dividend yield, based on last night's closing stock
price of $27.30. The stock has technical support in the $25-$27
price area. If the shares can firm up, we see overhead resistance
around the $30-$31 price levels.
Texas Instruments Inc. (
) 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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