Equities analysts predict that Texas Instruments Incorporated (NASDAQ:TXN) will post earnings per share of $1.53 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Texas Instruments’ earnings, with the lowest EPS estimate coming in at $1.52 and the highest estimate coming in at $1.59. Texas Instruments reported earnings per share of $1.26 in the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Texas Instruments will report full-year earnings of $5.66 per share for the current financial year, with EPS estimates ranging from $5.59 to $5.77. For the next fiscal year, analysts forecast that the business will post earnings of $6.12 per share, with EPS estimates ranging from $5.65 to $6.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.03. Texas Instruments had a net margin of 28.08% and a return on equity of 46.80%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year.
Several equities research analysts have weighed in on the stock. Sanford C. Bernstein set a $130.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, July 25th. Atlantic Securities assumed coverage on shares of Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price target for the company. Zacks Investment Research downgraded shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. B. Riley lifted their price target on shares of Texas Instruments from $115.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, BidaskClub cut shares of Texas Instruments from a “sell” rating to a “strong sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. Texas Instruments has an average rating of “Hold” and a consensus target price of $121.64.
In related news, insider Stephen A. Anderson sold 25,318 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares in the company, valued at $14,630,117.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in TXN. Bank of The West grew its stake in Texas Instruments by 4.6% in the 2nd quarter. Bank of The West now owns 10,401 shares of the semiconductor company’s stock worth $1,146,000 after buying an additional 453 shares in the last quarter. Buckley Wealth Management LLC grew its stake in Texas Instruments by 3.5% in the 2nd quarter. Buckley Wealth Management LLC now owns 13,732 shares of the semiconductor company’s stock worth $1,514,000 after buying an additional 461 shares in the last quarter. D.B. Root & Company LLC grew its stake in Texas Instruments by 8.9% in the 2nd quarter. D.B. Root & Company LLC now owns 5,701 shares of the semiconductor company’s stock worth $629,000 after buying an additional 466 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Texas Instruments by 0.7% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 64,132 shares of the semiconductor company’s stock valued at $7,071,000 after purchasing an additional 474 shares in the last quarter. Finally, Northstar Investment Advisors LLC boosted its stake in shares of Texas Instruments by 0.5% in the 2nd quarter. Northstar Investment Advisors LLC now owns 96,683 shares of the semiconductor company’s stock valued at $10,657,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.
TXN traded down $0.68 during midday trading on Wednesday, hitting $104.68. The company had a trading volume of 275,868 shares, compared to its average volume of 4,713,802. Texas Instruments has a 52 week low of $82.87 and a 52 week high of $120.75. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. The company has a market cap of $101.63 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18.
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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