$1.41 EPS Expected for Texas Instruments Incorporated (NASDAQ:TXN) This Quarter

Wall Street brokerages forecast that Texas Instruments Incorporated (NASDAQ:TXN) will announce earnings of $1.41 per share for the current quarter, Zacks reports. Nine analysts have provided estimates for Texas Instruments’ earnings. The lowest EPS estimate is $1.34 and the highest is $1.43. Texas Instruments posted earnings per share of $1.58 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.8%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Texas Instruments will report full-year earnings of $5.31 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.48. For the next year, analysts forecast that the company will report earnings of $5.82 per share, with EPS estimates ranging from $5.36 to $6.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Texas Instruments.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share.

A number of research firms recently issued reports on TXN. BMO Capital Markets boosted their target price on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank reiterated a “neutral” rating and issued a $120.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Robert W. Baird upped their price objective on shares of Texas Instruments from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Bank of America reiterated a “neutral” rating and issued a $122.00 price objective (up previously from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the stock. Texas Instruments presently has a consensus rating of “Hold” and an average price target of $118.74.

In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the sale, the senior vice president now owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the sale, the insider now directly owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. Insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Securities Inc. boosted its holdings in shares of Texas Instruments by 5.3% in the 4th quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock worth $1,760,000 after purchasing an additional 944 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Texas Instruments by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock worth $289,481,000 after purchasing an additional 34,606 shares in the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Texas Instruments by 4.1% in the 1st quarter. Chartwell Investment Partners LLC now owns 32,873 shares of the semiconductor company’s stock worth $3,487,000 after purchasing an additional 1,304 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Texas Instruments in the 1st quarter worth about $60,000. Finally, CAPROCK Group Inc. boosted its holdings in shares of Texas Instruments by 0.6% in the 1st quarter. CAPROCK Group Inc. now owns 18,647 shares of the semiconductor company’s stock worth $1,978,000 after purchasing an additional 103 shares in the last quarter. 85.91% of the stock is owned by institutional investors.

NASDAQ TXN traded up $2.97 on Monday, reaching $122.82. 3,675,100 shares of the company’s stock traded hands, compared to its average volume of 6,463,217. The firm has a market cap of $112.59 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.28 and a beta of 1.25. The stock has a 50 day moving average price of $120.12 and a 200-day moving average price of $112.28. Texas Instruments has a fifty-two week low of $87.70 and a fifty-two week high of $130.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01.

The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.51%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

About Texas Instruments

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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