Wall Street analysts expect that Texas Instruments Incorporated (NASDAQ:TXN) will report earnings of $1.13 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Texas Instruments’ earnings, with estimates ranging from $1.10 to $1.18. Texas Instruments posted earnings of $1.21 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, April 23rd.
On average, analysts expect that Texas Instruments will report full year earnings of $5.19 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.35. For the next financial year, analysts forecast that the business will report earnings of $5.72 per share, with EPS estimates ranging from $5.40 to $6.83. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS.
Several equities research analysts recently commented on TXN shares. Morgan Stanley reissued an “equal weight” rating and issued a $100.00 price target (down previously from $103.00) on shares of Texas Instruments in a research note on Thursday, January 24th. BidaskClub cut Texas Instruments from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. BMO Capital Markets reissued a “buy” rating and issued a $120.00 price target on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, DZ Bank cut Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $109.25.
Shares of NASDAQ TXN opened at $115.51 on Friday. The company has a market capitalization of $108.42 billion, a P/E ratio of 21.31, a PEG ratio of 2.20 and a beta of 1.17. Texas Instruments has a 52 week low of $87.70 and a 52 week high of $118.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38.
In related news, insider Niels Anderskouv sold 64,159 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $107.25, for a total value of $6,881,052.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ahmad Bahai sold 26,963 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $103.75, for a total value of $2,797,411.25. Following the completion of the transaction, the insider now owns 58,928 shares of the company’s stock, valued at $6,113,780. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 256,061 shares of company stock valued at $26,536,471. Corporate insiders own 0.89% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TXN. Bank of New York Mellon Corp raised its stake in shares of Texas Instruments by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock valued at $1,484,661,000 after purchasing an additional 337,435 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Texas Instruments by 249.8% in the third quarter. Captrust Financial Advisors now owns 5,457 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 3,897 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Texas Instruments in the third quarter valued at $3,968,000. Teachers Advisors LLC raised its stake in shares of Texas Instruments by 16.2% in the third quarter. Teachers Advisors LLC now owns 2,252,022 shares of the semiconductor company’s stock valued at $241,619,000 after purchasing an additional 313,735 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Texas Instruments by 16.9% in the third quarter. TIAA CREF Investment Management LLC now owns 4,012,938 shares of the semiconductor company’s stock valued at $430,548,000 after purchasing an additional 579,953 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.
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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