Wall Street analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to announce earnings per share of $1.11 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Texas Instruments’ earnings. The highest EPS estimate is $1.17 and the lowest is $1.09. Texas Instruments posted earnings per share of $0.89 during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Texas Instruments will report full-year earnings of $4.97 per share for the current year, with EPS estimates ranging from $4.63 to $5.35. For the next financial year, analysts anticipate that the company will report earnings of $5.67 per share, with EPS estimates ranging from $5.32 to $6.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Texas Instruments.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS.
Several equities research analysts recently weighed in on TXN shares. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 25th. Bank of America increased their price objective 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. Oppenheimer reiterated a “buy” rating and set a $110.00 price objective (up previously from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Drexel Hamilton reiterated a “buy” rating and set a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $112.00 price objective on shares of Texas Instruments in a research note on Thursday, January 4th. Fifteen research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $109.65.
In other news, VP Haviv Ilan sold 23,831 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the transaction, the vice president now directly owns 131,153 shares in the company, valued at $14,474,045.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bing Xie sold 15,877 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total transaction of $1,733,927.17. Following the completion of the transaction, the insider now owns 63,048 shares of the company’s stock, valued at $6,885,472.08. The disclosure for this sale can be found here. Insiders sold 757,632 shares of company stock valued at $83,306,399 over the last quarter. Insiders own 0.96% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted its position in shares of Texas Instruments by 14.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 92,512 shares of the semiconductor company’s stock valued at $9,662,000 after acquiring an additional 11,433 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Texas Instruments by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 221,817 shares of the semiconductor company’s stock valued at $23,167,000 after acquiring an additional 7,332 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Texas Instruments by 7.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 590,444 shares of the semiconductor company’s stock valued at $61,666,000 after acquiring an additional 41,950 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $144,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Texas Instruments by 53.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 52,143 shares of the semiconductor company’s stock valued at $5,446,000 after acquiring an additional 18,100 shares in the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.
Texas Instruments (NASDAQ:TXN) traded up $0.82 on Friday, reaching $105.29. 4,970,300 shares of the company traded hands, compared to its average volume of 7,078,646. The firm has a market capitalization of $103,700.00, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24. Texas Instruments has a 52-week low of $75.92 and a 52-week high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 68.89%.
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About Texas Instruments
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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