$1.13 Earnings Per Share Expected for Texas Instruments Incorporated (TXN) This Quarter

Brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to announce $1.13 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Texas Instruments’ earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.10. Texas Instruments posted earnings of $1.21 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 6.6%. The business is scheduled to issue its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Texas Instruments will report full-year earnings of $5.21 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.61. For the next fiscal year, analysts forecast that the company will report earnings of $5.76 per share, with EPS estimates ranging from $5.40 to $6.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year.

TXN has been the subject of a number of research analyst reports. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price objective for the company. in a research note on Friday, January 4th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Instruments from $134.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Robert W. Baird dropped their price objective on shares of Texas Instruments from $115.00 to $97.00 and set a “neutral” rating for the company in a research note on Thursday, January 24th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, B. Riley dropped their price objective on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $108.74.

Shares of NASDAQ TXN traded up $0.60 on Friday, reaching $107.57. 3,573,468 shares of the company traded hands, compared to its average volume of 6,898,596. Texas Instruments has a fifty-two week low of $87.70 and a fifty-two 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. The company has a market cap of $103.33 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.03 and a beta of 1.17.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Thursday, January 31st were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

In other Texas Instruments news, Director Daniel A. Carp sold 14,749 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $103.50, for a total value of $1,526,521.50. Following the completion of the transaction, the director now owns 51,573 shares in the company, valued at approximately $5,337,805.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bing Xie sold 8,693 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $106.15, for a total value of $922,761.95. Following the completion of the transaction, the senior vice president now owns 53,901 shares of the company’s stock, valued at approximately $5,721,591.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,737 shares of company stock valued at $19,101,214. Corporate insiders own 0.84% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Highwater Wealth Management LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $34,000. Intercontinental Wealth Advisors LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $40,000. Essex Savings Bank purchased a new position in Texas Instruments in the 4th quarter worth approximately $42,000. Baldwin Brothers Inc. MA boosted its holdings in Texas Instruments by 42.5% in the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 153 shares during the period. Finally, Capital Financial Planning LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 86.92% 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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