Equities research analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to announce sales of $3.74 billion for the current quarter, Zacks reports. Ten analysts have provided estimates for Texas Instruments’ earnings, with the lowest sales estimate coming in at $3.72 billion and the highest estimate coming in at $3.79 billion. Texas Instruments reported sales of $3.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that Texas Instruments will report full year sales of $3.74 billion for the current fiscal year, with estimates ranging from $14.68 billion to $15.00 billion. For the next financial year, analysts anticipate that the business will report sales of $15.50 billion per share, with estimates ranging from $14.98 billion to $15.87 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for 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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share.

Several research firms recently issued reports on TXN. Sanford C. Bernstein reissued an “outperform” rating and set a $95.00 price target on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus reissued a “hold” rating and set a $85.00 price target on shares of Texas Instruments in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group reissued an “in-line” rating and set a $125.00 price target (up from $110.00) on shares of Texas Instruments in a report on Tuesday. Finally, Jefferies Group reissued a “buy” rating and set a $96.00 price target on shares of Texas Instruments in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $96.06.

In other news, COO Brian T. Crutcher sold 68,687 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $96.10, for a total value of $6,600,820.70. Following the sale, the chief operating officer now directly owns 346,428 shares in the company, valued at $33,291,730.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The disclosure for this sale can be found here. Over the last ninety days, 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 added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew 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 purchasing an additional 200 shares during the last quarter. Acrospire Investment Management LLC grew its position in shares of Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $112,000. Westside Investment Management Inc. grew its position in shares of Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares during the last quarter. Finally, Zions Bancorporation grew its position in shares of Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the last quarter. Institutional investors and hedge funds own 83.85% of the company’s stock.

Texas Instruments (NASDAQ:TXN) traded up $6.24 during midday trading on Wednesday, reaching $119.16. 6,920,000 shares of the company traded hands, compared to its average volume of 5,010,000. The stock has a market capitalization of $117,440.00, a PE ratio of 27.14, a P/E/G ratio of 2.57 and a beta of 1.27. Texas Instruments has a 52-week low of $73.87 and a 52-week high of $119.43. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.

Texas Instruments declared that its Board of Directors has initiated a share buyback plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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Texas Instruments Company Profile

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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