Texas Instruments (TXN) Issues Q1 Earnings Guidance

Texas Instruments (NASDAQ:TXN) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.98-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04. The company issued revenue guidance of $3.49-3.79 billion, compared to the consensus revenue estimate of $3.63 billion.

Shares of Texas Instruments (NASDAQ TXN) traded up $2.61 during trading on Tuesday, hitting $119.44. 7,217,400 shares of the stock traded hands, compared to its average volume of 5,936,229. The stock has a market cap of $118,160.00, a PE ratio of 27.21, a PEG ratio of 2.66 and a beta of 1.27. Texas Instruments has a 1-year low of $74.52 and a 1-year high of $119.98. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. equities research analysts expect that Texas Instruments will post 4.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 56.49%.

TXN has been the topic of several analyst reports. BidaskClub upgraded shares of Texas Instruments from a buy rating to a strong-buy rating in a research note on Thursday, December 21st. Morgan Stanley lifted their price target on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an equal weight rating in a research note on Wednesday, December 13th. Robert W. Baird lifted their price target on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a neutral rating in a research note on Wednesday, October 25th. Deutsche Bank lifted their price target on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a hold rating in a research note on Wednesday, October 25th. Finally, Bank of America lifted their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $99.84.

In related news, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP R Gregory Delagi sold 61,250 shares of Texas Instruments stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the transaction, the vice president now directly owns 189,234 shares of the company’s stock, valued at $18,308,389.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,362,293 shares of company stock worth $131,754,396. Insiders own 0.96% of the company’s stock.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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