Texas Instruments Incorporated (TXN) is currently at $120.76, down $7.81 or 6.07%

 

-- Would be lowest close since Aug. 23, 2019, when it closed at $120.29

-- On pace for largest percent decrease since Oct. 24, 2018, when it fell 8.22%

-- Earlier Wednesday, three firms cut their price target on Texas Instruments, Benzinga reported

-- On Tuesday, Texas Instruments reported third-quarter profit fell 9% to $1.43 billion, or $1.49 a share, at the high-end of the company's forecast and ahead of the consensus estimate. But revenue missed Wall Street expectations, falling to $3.77 billion, an 11.5% decline from the comparable period

-- The company said it expects fourth-quarter profit to fall to a range of 91 cents to $1.09 a share on $3.07 billion to $3.33 billion in revenue, well short of analysts' projected $1.28 a share in profit and $3.57 billion in revenue, according to FactSet

-- Down 6.56% month-to-date; on pace for worst month since May 2019, when it fell 11.47%

-- Up 27.79% year-to-date; on pace for best year since 2017, when it rose 43.13%

-- Down 8.3% from its all-time closing high of $131.69 on Oct. 15, 2019

-- Up 31.25% from 52 weeks ago (Oct. 24, 2018), when it closed at $92.01

-- Down 8.3% from its 52 week closing high of $131.69 on Oct. 15, 2019

-- Up 37.54% from its 52 week closing low of $87.80 on Dec. 24, 2018

-- Worst performer in the S&P 500 today

-- Sixth most active stock in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Second most active stock in the Nasdaq 100 today

 

All data as of 11:09:22 AM

 

Source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

October 23, 2019 11:35 ET (15:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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