$3.74 Billion in Sales Expected for Texas Instruments Incorporated (TXN) This Quarter
Equities research analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to report sales of $3.74 billion for the current quarter, Zacks reports. Ten analysts have made estimates for Texas Instruments’ earnings. The lowest sales estimate is $3.72 billion and the highest is $3.79 billion. Texas Instruments reported sales of $3.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The business is expected to issue its next earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Texas Instruments will report full-year sales of $3.74 billion for the current year, with estimates ranging from $14.68 billion to $15.00 billion. For the next fiscal year, analysts forecast that the company will report sales of $15.50 billion per share, with estimates ranging from $14.98 billion to $15.87 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $0.94 earnings per share. Texas Instruments’s quarterly revenue was up 12.0% on a year-over-year basis.
In other news, VP Kevin J. Ritchie sold 49,954 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.67, for a total transaction of $4,829,053.18. Following the transaction, the vice president now owns 196,884 shares of the company’s stock, valued at $19,032,776.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darla H. Whitaker sold 118,799 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the transaction, the vice president now directly owns 123,993 shares in the company, valued at approximately $11,933,086.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. BerganKDV Wealth Management LLC raised its stake in Texas Instruments by 53.3% during the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after acquiring an additional 4,182 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Texas Instruments by 9.6% in the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 1,100 shares during the period. PGGM Investments increased its stake in shares of Texas Instruments by 102.8% in the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock valued at $85,751,000 after purchasing an additional 484,906 shares during the period. Sather Financial Group Inc acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $600,000. Finally, Legal & General Group Plc increased its stake in shares of Texas Instruments by 1.5% in the second quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock valued at $391,499,000 after purchasing an additional 73,740 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments (NASDAQ:TXN) traded up $1.22 on Friday, hitting $99.30. The stock had a trading volume of 1,288,450 shares, compared to its average volume of 3,495,019. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. Texas Instruments has a twelve month low of $69.92 and a twelve month high of $99.65. The firm has a market capitalization of $97,866.21, a PE ratio of 24.46, a P/E/G ratio of 2.38 and a beta of 1.28.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were given a $0.62 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Monday, October 30th. Texas Instruments’s dividend payout ratio is presently 57.94%.
Texas Instruments declared that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
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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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