Equities research analysts predict that Texas Instruments Incorporated (NASDAQ:TXN) will post $4.30 billion in sales for the current quarter, according to Zacks. Nine analysts have made estimates for Texas Instruments’ earnings, with estimates ranging from $4.28 billion to $4.44 billion. Texas Instruments posted sales of $4.12 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is expected to issue its next earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Texas Instruments will report full-year sales of $16.12 billion for the current financial year, with estimates ranging from $15.99 billion to $16.39 billion. For the next fiscal year, analysts expect that the business will post sales of $16.78 billion per share, with estimates ranging from $16.25 billion to $17.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Texas Instruments.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year.
Several analysts have weighed in on the company. Zacks Investment Research cut Texas Instruments from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 30th. BidaskClub cut Texas Instruments from a “sell” rating to a “strong sell” rating in a report on Friday. B. Riley boosted their price objective on Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Atlantic Securities assumed coverage on Texas Instruments in a report on Tuesday, July 10th. They set an “overweight” rating and a $130.00 price objective for the company. Finally, Loop Capital assumed coverage on Texas Instruments in a report on Thursday, June 21st. They set a “buy” rating and a $135.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and an average price target of $121.64.
Texas Instruments stock opened at $105.72 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. Texas Instruments has a 12-month low of $82.40 and a 12-month high of $120.75. The stock has a market capitalization of $103.10 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18.
In related news, insider Stephen A. Anderson sold 25,318 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the sale, the insider now owns 131,153 shares in the company, valued at approximately $14,630,117.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TXN. Kiley Juergens Wealth Management LLC bought a new position in Texas Instruments during the 2nd quarter worth $100,000. Centaurus Financial Inc. bought a new position in Texas Instruments during the 2nd quarter worth $101,000. Baker Ellis Asset Management LLC bought a new position in Texas Instruments during the 2nd quarter worth $105,000. Kwmg LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth $107,000. Finally, Penserra Capital Management LLC acquired a new stake in Texas Instruments in the first quarter valued at about $106,000. Institutional investors and hedge funds own 84.39% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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