Wall Street brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to report sales of $3.65 billion for the current quarter, according to Zacks. Ten analysts have issued estimates for Texas Instruments’ earnings, with the highest sales estimate coming in at $3.72 billion and the lowest estimate coming in at $3.64 billion. Texas Instruments reported sales of $3.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The business is scheduled to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Texas Instruments will report full year sales of $3.65 billion for the current financial year, with estimates ranging from $15.28 billion to $16.09 billion. For the next fiscal year, analysts forecast that the company will post sales of $16.31 billion per share, with estimates ranging from $15.72 billion to $17.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Texas Instruments.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share.
TXN has been the subject of a number of research analyst reports. SunTrust Banks restated a “hold” rating and issued a $96.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $98.00 price target (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reiterated a “hold” rating and set a $97.00 target price (up previously from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $110.00 target price (up previously from $90.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Fifteen analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Texas Instruments has a consensus rating of “Buy” and a consensus price target of $109.65.
In other news, VP Haviv Ilan sold 23,831 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the transaction, the vice president now owns 131,153 shares of the company’s stock, valued at $14,474,045.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bing Xie sold 15,877 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total transaction of $1,733,927.17. Following the transaction, the insider now directly owns 63,048 shares of the company’s stock, valued at approximately $6,885,472.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 757,632 shares of company stock valued at $83,306,399. Corporate insiders own 0.96% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TXN. We Are One Seven LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $144,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Texas Instruments by 53.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 52,143 shares of the semiconductor company’s stock valued at $5,446,000 after acquiring an additional 18,100 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in Texas Instruments by 9.2% in the 4th quarter. WealthPLAN Partners LLC now owns 13,853 shares of the semiconductor company’s stock valued at $1,447,000 after acquiring an additional 1,171 shares during the last quarter. Slow Capital Inc. acquired a new stake in Texas Instruments in the 4th quarter valued at about $1,390,000. Finally, Banco de Sabadell S.A acquired a new stake in Texas Instruments in the 4th quarter valued at about $2,492,000. 83.89% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments (NASDAQ TXN) traded down $0.10 during trading hours on Tuesday, hitting $104.47. 4,910,300 shares of the company were exchanged, compared to its average volume of 7,085,467. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $102,960.00, a price-to-earnings ratio of 29.02, a PEG ratio of 2.19 and a beta of 1.24. Texas Instruments has a fifty-two week low of $75.92 and a fifty-two week high of $120.75.
The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
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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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