Analysts Expect Texas Instruments Incorporated (NASDAQ:TXN) Will Announce Quarterly Sales of $3.41 Billion

Brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to announce $3.41 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Texas Instruments’ earnings, with the lowest sales estimate coming in at $3.40 billion and the highest estimate coming in at $3.50 billion. Texas Instruments reported sales of $3.77 billion in the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 27th.

According to Zacks, analysts expect that Texas Instruments will report full-year sales of $13.26 billion for the current fiscal year, with estimates ranging from $13.09 billion to $13.43 billion. For the next financial year, analysts anticipate that the company will post sales of $14.30 billion, with estimates ranging from $13.65 billion to $14.85 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 announced its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company posted $1.36 EPS.

A number of brokerages have issued reports on TXN. Morgan Stanley increased their price target on Texas Instruments from $108.00 to $116.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. UBS Group increased their price target on Texas Instruments from $130.00 to $131.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Credit Suisse Group increased their price objective on Texas Instruments from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “market outperform” rating in a research report on Wednesday, July 22nd. Finally, Royal Bank of Canada increased their price objective on Texas Instruments from $125.00 to $140.00 in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $134.25.

Texas Instruments stock traded up $2.12 during trading hours on Monday, hitting $144.91. 4,429,756 shares of the stock traded hands, compared to its average volume of 5,557,004. Texas Instruments has a 1 year low of $93.09 and a 1 year high of $148.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.92 and a quick ratio of 2.94. The stock has a market capitalization of $132.73 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.89 and a beta of 1.14. The firm’s 50 day moving average price is $139.64 and its 200-day moving average price is $123.63.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s payout ratio is 68.70%.

In related news, VP Amichai Ron sold 8,530 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $135.22, for a total value of $1,153,426.60. Following the transaction, the vice president now owns 32,997 shares in the company, valued at approximately $4,461,854.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darla H. Whitaker sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $138.52, for a total value of $5,540,800.00. Following the completion of the transaction, the vice president now owns 89,524 shares in the company, valued at approximately $12,400,864.48. The disclosure for this sale can be found here. Insiders have sold 236,495 shares of company stock worth $31,419,345 in the last quarter. Insiders own 0.73% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA boosted its holdings in Texas Instruments by 1.3% in the 3rd quarter. Private Trust Co. NA now owns 10,822 shares of the semiconductor company’s stock valued at $1,545,000 after purchasing an additional 141 shares in the last quarter. Atria Investments LLC purchased a new stake in Texas Instruments in the 2nd quarter valued at approximately $11,184,000. Demars Financial Group LLC purchased a new stake in Texas Instruments in the 2nd quarter valued at approximately $44,000. Schonfeld Strategic Advisors LLC boosted its holdings in Texas Instruments by 253.5% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 142,375 shares of the semiconductor company’s stock valued at $18,077,000 after purchasing an additional 102,094 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Texas Instruments by 1.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,023,640 shares of the semiconductor company’s stock valued at $129,972,000 after purchasing an additional 15,328 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

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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