Wall Street analysts expect that Texas Instruments Incorporated (NASDAQ:TXN) will announce earnings per share (EPS) of $1.24 for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Texas Instruments’ earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.23. Texas Instruments posted earnings per share of $1.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that Texas Instruments will report full-year earnings of $5.56 per share for the current fiscal year, with EPS estimates ranging from $5.44 to $5.60. For the next financial year, analysts anticipate that the business will report earnings of $5.56 per share, with EPS estimates ranging from $5.09 to $6.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS.
Several research firms have recently weighed in on TXN. Sanford C. Bernstein set a $130.00 target price on shares of Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, July 25th. UBS Group dropped their target price on shares of Texas Instruments from $93.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, October 24th. BidaskClub downgraded shares of Texas Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. B. Riley boosted their target price on shares of Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.11.
In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the completion of the transaction, the insider now directly owns 43,270 shares of the company’s stock, valued at approximately $4,067,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin S. Craighead bought 10,900 shares of Texas Instruments stock in a transaction on Thursday, October 25th. The shares were purchased at an average cost of $91.70 per share, with a total value of $999,530.00. Following the completion of the purchase, the director now directly owns 13,100 shares in the company, valued at $1,201,270. The disclosure for this purchase can be found here. Insiders own 0.84% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Kiley Juergens Wealth Management LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $100,000. Centaurus Financial Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $101,000. Baker Ellis Asset Management LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $105,000. Kwmg LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Texas Instruments during the 3rd quarter worth about $107,000. 84.41% of the stock is owned by hedge funds and other institutional investors.
TXN opened at $96.10 on Friday. The stock has a market capitalization of $93.31 billion, a PE ratio of 22.45, a P/E/G ratio of 1.89 and a beta of 1.28. Texas Instruments has a 1-year low of $87.90 and a 1-year high of $120.75. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, October 30th. Texas Instruments’s payout ratio is presently 71.96%.
Texas Instruments declared that its board has initiated a share repurchase plan on Thursday, September 20th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Texas Instruments Company Profile
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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