Tablet displaying intraday stock performance
Markets

Texas Instruments’ Estimates Cut at JMP Securities (TXN)

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.

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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

TXN

Other Topics

Stocks

Latest Markets Videos