Zacks: Brokerages Anticipate Texas Instruments Incorporated (NASDAQ:TXN) to Announce $1.41 Earnings Per Share

Analysts expect that Texas Instruments Incorporated (NASDAQ:TXN) will post earnings per share of $1.41 for the current quarter, Zacks reports. Nine analysts have provided estimates for Texas Instruments’ earnings, with the lowest EPS estimate coming in at $1.37 and the highest estimate coming in at $1.43. Texas Instruments posted earnings of $1.58 per share during the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The firm is expected to issue its next earnings report after the market closes on Tuesday, October 22nd.

According to Zacks, analysts expect that Texas Instruments will report full-year earnings of $5.32 per share for the current fiscal year, with EPS estimates ranging from $5.20 to $5.48. For the next financial year, analysts forecast that the firm will report earnings of $5.79 per share, with EPS estimates ranging from $5.07 to $6.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the company posted $1.37 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price target on the stock. in a research note on Monday, August 26th. Credit Suisse Group upped their price target on Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price target on Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $145.00 to $150.00 in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and a consensus price target of $120.12.

In other Texas Instruments news, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, the insider now owns 243,755 shares of the company’s stock, valued at approximately $31,276,204.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bing Xie sold 52,299 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the completion of the sale, the senior vice president now directly owns 106,264 shares in the company, valued at approximately $13,575,226. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 86,131,319 shares of the semiconductor company’s stock valued at $9,884,431,000 after acquiring an additional 599,958 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Texas Instruments by 0.8% in the 2nd quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock valued at $1,819,554,000 after acquiring an additional 132,226 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Texas Instruments by 0.8% in the 2nd quarter. Northern Trust Corp now owns 13,882,619 shares of the semiconductor company’s stock valued at $1,593,168,000 after acquiring an additional 104,543 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Texas Instruments by 29.5% in the 2nd quarter. Invesco Ltd. now owns 13,864,091 shares of the semiconductor company’s stock valued at $1,591,044,000 after acquiring an additional 3,158,845 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Texas Instruments by 16,895.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock valued at $914,615,000 after acquiring an additional 7,922,914 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

Shares of Texas Instruments stock traded down $0.67 during trading hours on Friday, hitting $129.46. The company’s stock had a trading volume of 3,457,795 shares, compared to its average volume of 4,298,153. Texas Instruments has a twelve month low of $87.70 and a twelve month high of $132.20. The firm has a fifty day moving average of $127.71 and a 200-day moving average of $118.44. The stock has a market cap of $121.49 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 2.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of $0.90 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 2.78%. Texas Instruments’s dividend payout ratio is presently 56.83%.

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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