How To Earn $500 A Month From Texas Instruments Stock Ahead Of Q1 Earnings
Portfolio Pulse from Avi Kapoor
Texas Instruments Incorporated (NASDAQ:TXN) is anticipated to release its Q1 earnings after the market closes on Tuesday, with analysts expecting a decrease in earnings per share from $1.85 to $1.07 and a revenue drop from $4 billion to $3.61 billion year-over-year. Evercore ISI Group's analyst Mark Lipacis initiated coverage with an Outperform rating and a $213 price target. The company offers a 3.18% annual dividend yield, equating to $1.30 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $188,598 is required.
April 23, 2024 | 1:03 pm
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NEUTRAL IMPACT
Texas Instruments is expected to report a decrease in Q1 earnings and revenue, but it maintains a strong dividend yield of 3.18%. Coverage was initiated by Evercore ISI with an Outperform rating and a $213 price target.
The expected decrease in earnings and revenue could put short-term pressure on TXN's stock price. However, the strong dividend yield and positive analyst coverage from Evercore ISI with a high price target could counterbalance the negative impact, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100