Equities analysts expect that Texas Instruments Incorporated (NASDAQ:TXN) will announce sales of $3.95 billion for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Texas Instruments’ earnings. The lowest sales estimate is $3.94 billion and the highest is $3.98 billion. Texas Instruments reported sales of $3.69 billion in the same quarter last year, which indicates a positive year over year growth rate of 7%. The business is scheduled to issue its next earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Texas Instruments will report full year sales of $15.98 billion for the current fiscal year, with estimates ranging from $15.78 billion to $16.26 billion. For the next financial year, analysts expect that the firm will post sales of $16.67 billion per share, with estimates ranging from $16.00 billion to $17.70 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Texas Instruments.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis.
Several research firms have recently weighed in on TXN. Loop Capital began coverage on Texas Instruments in a report on Thursday. They set a “buy” rating and a $135.00 price target on the stock. BidaskClub cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. DZ Bank upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $101.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $114.68.
In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the transaction, the insider now directly owns 172,545 shares of the company’s stock, valued at $19,009,282.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Niels Anderskouv sold 20,191 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the transaction, the vice president now directly owns 110,187 shares in the company, valued at $12,134,894.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,484 shares of company stock worth $19,325,083. Insiders own 0.84% of the company’s stock.
Several large investors have recently modified their holdings of TXN. American International Group Inc. raised its position in shares of Texas Instruments by 1,093.2% during the fourth quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after purchasing an additional 5,141,210 shares during the period. Lansdowne Partners UK LLP raised its position in shares of Texas Instruments by 16,573.7% during the fourth quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock worth $394,167,000 after purchasing an additional 3,751,449 shares during the period. Franklin Resources Inc. raised its position in shares of Texas Instruments by 26.5% during the first quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after purchasing an additional 2,450,531 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Texas Instruments by 1,383.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,436,583 shares of the semiconductor company’s stock worth $253,136,000 after purchasing an additional 2,272,286 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Texas Instruments during the first quarter worth approximately $111,130,000. 84.29% of the stock is currently owned by institutional investors.
Shares of NASDAQ:TXN traded up $0.27 during midday trading on Tuesday, hitting $112.38. 3,822,597 shares of the stock were exchanged, compared to its average volume of 4,163,328. The stock has a market cap of $109.75 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. The company has a current ratio of 4.62, a quick ratio of 3.53 and a debt-to-equity ratio of 0.34. Texas Instruments has a 12 month low of $75.92 and a 12 month high of $120.75.
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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