Texas Instruments (TXN) recently reduced its earnings outlook for the third quarter. The company now expects much lower revenues. According to the new forecasts the company is now expecting the revenue figure around $3.27 billion to $3.41 billion as compared to its earlier projected range of $3.21 billion to $3.47 billion. The company foresees that its earnings per share would be in a range of $0.38 to $0.42 for the third quarter while its earlier forecast stood within the range of $0.34 to $0.42.
Investors still remained positive about the chipmaker on Wednesday’s session. The traded volume stood at 10.43M shares as compared to its average traded volume of 7.91M shares per day. Its dividend yield stands at 2.38 percent. The stock price moved 20.88 times to its earnings per share in the last trading session
Texas Instruments Inc. (TXN) surged 0.03% in its last trading session to close at $28.59. The company has floated 1.13B billion shares in the stock market out of its total outstanding common stock of 1.14B billion shares. Insiders hold 0.07% of the total outstanding common stock while 82.90% of outstanding shares are held by different institutions. If we analyze the price history of the last 52 weeks the share price touched it’s lowest of $25.78 while its highest was $34.24.. The share price is positively correlated with market index and is expected to react by 1.11 times against 1 point change in market index.Previous Post » The Fed Announces Open-Ended QE, Gold Explodes