Equities research analysts predict that Texas Instruments Incorporated (NASDAQ:TXN) will report earnings of $1.13 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Texas Instruments’ earnings, with estimates ranging from $1.10 to $1.18. Texas Instruments reported earnings of $1.21 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, April 23rd.
According to Zacks, analysts expect that Texas Instruments will report full year earnings of $5.21 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.61. For the next financial year, analysts forecast that the company will report earnings of $5.76 per share, with EPS estimates ranging from $5.40 to $6.83. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Texas Instruments.
Get Texas Instruments alerts:Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, January 28th. Robert W. Baird reissued a “hold” rating and set a $97.00 price objective on shares of Texas Instruments in a report on Tuesday, February 5th. BMO Capital Markets reissued a “buy” rating and set a $120.00 price objective on shares of Texas Instruments in a report on Thursday, January 24th. Finally, Goldman Sachs Group raised Texas Instruments from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and an average price target of $108.74.
In other Texas Instruments news, Director Pamela H. Patsley sold 7,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $106.20, for a total value of $743,400.00. Following the transaction, the director now directly owns 37,160 shares of the company’s stock, valued at approximately $3,946,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ahmad Bahai sold 26,963 shares of Texas Instruments stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $103.75, for a total value of $2,797,411.25. Following the completion of the transaction, the insider now directly owns 58,928 shares in the company, valued at $6,113,780. The disclosure for this sale can be found here. Insiders sold a total of 178,044 shares of company stock worth $18,178,452 over the last ninety days. Insiders own 0.84% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Highwater Wealth Management LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $34,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $40,000. Essex Savings Bank purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $42,000. Baldwin Brothers Inc. MA increased its stake in shares of Texas Instruments by 42.5% during the fourth quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 153 shares during the period. Finally, Clarus Wealth Advisors increased its stake in shares of Texas Instruments by 142.9% during the fourth quarter. Clarus Wealth Advisors now owns 714 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 420 shares during the period. 86.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of TXN opened at $106.44 on Friday. The stock has a market cap of $100.42 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17. The company has a quick ratio of 2.38, a current ratio of 3.27 and a debt-to-equity ratio of 0.48. Texas Instruments has a 12-month low of $87.70 and a 12-month high of $118.48.
The business also recently declared a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Thursday, January 31st were paid a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.89%. Texas Instruments’s dividend payout ratio (DPR) is currently 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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