Texas Instruments Incorporated (TXN) Expected to Post Earnings of $1.12 Per Share
Brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to post earnings per share of $1.12 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Texas Instruments’ earnings. The highest EPS estimate is $1.16 and the lowest is $1.09. Texas Instruments posted earnings per share of $0.94 during the same quarter last year, which indicates a positive year-over-year growth rate of 19.1%. The company is scheduled to report its next earnings report on Wednesday, October 25th.
On average, analysts expect that Texas Instruments will report full-year earnings of $4.13 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.19. For the next fiscal year, analysts anticipate that the business will report earnings of $4.30 per share, with EPS estimates ranging from $3.90 to $4.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Texas Instruments.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis.
Several research analysts recently commented on TXN shares. Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating on shares of Texas Instruments in a research note on Monday, July 10th. Barclays PLC reduced their price objective on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Citigroup Inc. boosted their price objective on shares of Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Drexel Hamilton boosted their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.96.
In other Texas Instruments news, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,301 shares of company stock worth $17,259,256. Insiders own 0.96% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of Texas Instruments in the first quarter valued at about $101,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the last quarter. Balentine LLC raised its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in shares of Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 83.69% of the company’s stock.
Texas Instruments (TXN) opened at 81.38 on Friday. The firm’s 50 day moving average is $81.45 and its 200-day moving average is $80.33. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65. The company has a market cap of $80.57 billion, a P/E ratio of 20.36 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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