Wall Street analysts forecast that Texas Instruments Incorporated (NASDAQ:TXN) will post $3.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Texas Instruments’ earnings. The lowest sales estimate is $3.80 billion and the highest is $3.85 billion. Texas Instruments reported sales of $4.26 billion during the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The company is expected to announce its next quarterly earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that Texas Instruments will report full-year sales of $14.69 billion for the current fiscal year, with estimates ranging from $14.48 billion to $14.87 billion. For the next year, analysts forecast that the firm will post sales of $15.38 billion, with estimates ranging from $14.42 billion to $16.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was down 8.7% compared to the same quarter last year.
A number of research analysts have recently commented on the company. UBS Group upped their price target on Texas Instruments from $93.00 to $100.00 and gave the stock a “sell” rating in a report on Thursday, August 22nd. BidaskClub upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets upped their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays upped their target price on Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Oppenheimer upped their target price on Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.75.
Shares of TXN stock opened at $127.14 on Friday. Texas Instruments has a 12 month low of $87.70 and a 12 month high of $130.92. The firm has a market cap of $117.46 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. The stock has a 50 day moving average of $124.83 and a 200-day moving average of $116.26. 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 business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.83%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Wednesday, October 30th. Texas Instruments’s dividend payout ratio is 56.83%.
In other Texas Instruments news, VP R Gregory Delagi sold 150,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $127.28, for a total value of $19,092,000.00. Following the sale, the vice president now directly owns 243,755 shares in the company, valued at $31,025,136.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bing Xie sold 52,299 shares of the company’s stock in a transaction on 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 owns 106,264 shares in the company, valued at $13,575,226. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 over the last quarter. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently made changes to their positions in TXN. Icon Wealth Partners LLC bought a new stake in shares of Texas Instruments during the first quarter worth $37,000. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the last quarter. Shine Investment Advisory Services Inc. grew its holdings in shares of Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares during the last quarter. Pathstone Family Office LLC grew its holdings in shares of Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 194 shares during the last quarter. Finally, TD Capital Management LLC bought a new stake in shares of Texas Instruments during the second quarter worth $45,000. Hedge funds and other institutional investors own 85.38% 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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