Texas Instruments (NASDAQ:TXN) is set to post its quarterly earnings results after the market closes on Tuesday, October 20th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Texas Instruments has set its Q3 2020
After-Hours guidance at 1.14-1.34 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Texas Instruments stock opened at $153.12 on Friday. The firm has a market cap of $140.25 billion, a PE ratio of 28.73, a PEG ratio of 2.89 and a beta of 1.14. The stock has a 50 day moving average of $142.37 and a 200 day moving average of $127.12. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. Texas Instruments has a 12 month low of $93.09 and a 12 month high of $155.88.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $1.02 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.66%. Texas Instruments’s payout ratio is presently 68.70%.
A number of research analysts recently weighed in on TXN shares. UBS Group raised their target price on shares of Texas Instruments from $130.00 to $131.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “market outperform” rating in a research note on Wednesday, July 22nd. Zacks Investment Research cut shares of Texas Instruments from a “strong-buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research report on Tuesday, September 22nd. Bank of America lifted their price target on Texas Instruments from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada upped 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, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $139.38.
In related news, Director Jean M. Hobby sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $130.55, for a total value of $195,825.00. Following the transaction, the director now owns 4,391 shares of the company’s stock, valued at $573,245.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Kyle M. Flessner sold 26,350 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $131.59, for a total value of $3,467,396.50. Following the transaction, the vice president now owns 79,424 shares in the company, valued at $10,451,404.16. The disclosure for this sale can be found here. Insiders have sold a total of 236,495 shares of company stock valued at $31,419,345 in the last quarter. 0.73% of the stock is currently owned by company insiders.
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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