Microchip maker Texas Instruments Incorporated ( TXN ) on Friday saw its earnings estimates lowered by analysts at JMP Securities.
The firm said it cut its estimates for TXN through 2012, noting the company's order visibility is low. JMP maintained its "Market Perform" rating on the stock.
Texas Instruments shares, which have fallen more than 21% year-to-date, fell 32 cents, or -1.3%, in premarket trading Friday.
The Bottom Line
Shares of Texas Instruments ( TXN ) have a 2.03% dividend yield, based on last night's closing stock price of $25.57. The stock has technical support in the $23 price area. If the shares can firm up, we see overhead resistance around the $28-$30 price levels.
Texas Instruments Incorporated ( TXN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Created by Dividend.com