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.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/09/texas-instruments-incorporated-txn-expected-to-post-earnings-of-1-12-per-share.html.

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.

Get a free copy of the Zacks research report on Texas Instruments (TXN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.