Market Update (NASDAQ:TXN): Texas Instruments Launches Highest Power Density 12-V, 10-A, 10-MHz DC/DC Converter

[Benzinga] – Texas Instruments Incorporated (NASDAQ: TXN ) launched Monday the industry’s first 12-V, 10-A, 10-MHz series-capacitor buck converter. According to the company, it achieved over 50 A/cm3 in current density, … Read more on this. Texas Instruments Inc. (TXN) , with a current market cap of $59.24B, opened this morning at $58.81. Looking at the equity, the company’s one day range is $58.60 to $59.28 and has traded between $43.49 and $60.60 over the past 12 months. TXN shares are currently priced at 19.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.92x forward p/e ratio. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.60%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.73 per share, which would be $0.08 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.96 would be a $0.14 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.20 Billion. If realized, that would be a 0.93% decrease over the year-ago quarter. More recently, Credit Agricole Initiated TXN at Underperform (May 17, 2016). Previously, Raymond James downgraded TXN from Strong Buy to Outperform. Given all the information above, we should disclose to readers that the average price target is $62.43, which is 6.16% above than it opened this morning. See more in (NASDAQ:TXN) Similar Articles: Market Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments "Jacinto" processors power Volkswagen’s MIB II infotainment systems Company Update: Texas Instruments Inc (NASDAQ:TXN) – Texas Instruments (TXN) Stock Higher in Pre-Market Trading on Earnings Beat Market Update: Texas Instruments Inc (NASDAQ:TXN) – Former Texas Instruments campus in Plano getting $100M overhaul