Bernstein Research Downgrades Texas Instruments to “Market Perform” (TXN)

Citing cyclical indicators that suggest a peak in near-term stock price for Texas Instruments Incorporated (TXN), analysts at Bernstein Research downgraded the analog microchip maker.

The analysts downgraded TXN from “Outperform” to “Market Perform” and see shares reaching $38. This valuation suggests a 7% upside to Tuesday’s closing price of $35.62.

Texas Instruments shares were down 32 cents, or -0.91%, during Wednesday morning trading. The stock is up about +9% over the past twelve months.

The Bottom Line
Shares of Texas Instruments (TXN) have a dividend yield of 3.17% based on Wednesday’s intraday trading price of $35.30 and the company’s annualized dividend payout of $1.12 per share.

Texas Instruments Incorporated (TXN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.

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