Zacks: Analysts Expect Texas Instruments (TXN) Will Post Earnings of $1.11 Per Share

Equities research analysts expect Texas Instruments (NASDAQ:TXN) to announce $1.11 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Texas Instruments’ earnings. The highest EPS estimate is $1.17 and the lowest is $1.09. Texas Instruments posted earnings of $0.89 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.7%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Texas Instruments will report full year earnings of $4.99 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.35. For the next financial year, analysts expect that the company will post earnings of $5.67 per share, with EPS estimates ranging from $5.32 to $6.52. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Texas Instruments.

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Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.09. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. Texas Instruments’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share.

TXN has been the topic of a number of recent research reports. UBS initiated coverage on Texas Instruments in a research report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price on the stock. SunTrust Banks upped their target price on Texas Instruments from $96.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Tuesday, April 3rd. JPMorgan Chase upped their target price on Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $110.00 target price (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $109.96.

In other news, insider Kevin J. Ritchie sold 49,955 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Brian T. Crutcher sold 267,201 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.08, for a total value of $29,680,687.08. Following the transaction, the chief operating officer now owns 246,961 shares in the company, valued at approximately $27,432,427.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 757,632 shares of company stock worth $83,306,399. Insiders own 0.84% of the company’s stock.

Several large investors have recently made changes to their positions in TXN. American International Group Inc. lifted its position in shares of Texas Instruments by 1,093.2% during the 4th quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock valued at $586,066,000 after buying an additional 5,141,210 shares in the last quarter. Lansdowne Partners UK LLP lifted its position in shares of Texas Instruments by 16,573.7% during the 4th quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock valued at $394,167,000 after buying an additional 3,751,449 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Texas Instruments by 864.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock valued at $213,205,000 after buying an additional 2,131,883 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Texas Instruments by 31.0% during the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock valued at $909,512,000 after buying an additional 2,061,255 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Texas Instruments by 16.5% in the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after purchasing an additional 2,055,040 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

NASDAQ TXN traded up $1.34 during trading hours on Monday, reaching $103.50. The stock had a trading volume of 2,831,533 shares, compared to its average volume of 6,207,664. The firm has a market cap of $100,503.74, a P/E ratio of 24.18, a P/E/G ratio of 2.13 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 quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35.

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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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