Texas Instruments (NASDAQ:TXN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Texas Instruments to post earnings of $1.41 per share for the quarter. Texas Instruments has set its Q3 2019 guidance at $1.31-1.53 EPS and its Q3 guidance at $1.31-1.53 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Texas Instruments stock opened at $129.46 on Friday. Texas Instruments has a 52 week low of $87.70 and a 52 week high of $132.20. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $127.71 and its 200 day simple moving average is $118.44. The firm has a market capitalization of $121.49 billion, a PE ratio of 23.89, a P/E/G ratio of 2.46 and a beta of 1.26.
TXN has been the topic of several recent research reports. CIBC boosted their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. BidaskClub upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Barclays boosted their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $120.12.
In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the sale, the senior vice president now owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the sale, the insider now directly owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. Corporate insiders own 0.89% 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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