Equities research analysts predict that Texas Instruments (NASDAQ:TXN) will post $3.65 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Texas Instruments’ earnings, with estimates ranging from $3.64 billion to $3.72 billion. Texas Instruments reported sales of $3.40 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The business is scheduled to report its next earnings results after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that Texas Instruments will report full year sales of $3.65 billion for the current financial year, with estimates ranging from $15.28 billion to $16.09 billion. For the next fiscal year, analysts anticipate that the company will post sales of $16.31 billion per share, with estimates ranging from $15.72 billion to $17.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS.
TXN has been the subject of several analyst reports. Mizuho reaffirmed a “buy” rating and issued a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Drexel Hamilton reiterated a “buy” rating and issued a $130.00 price target (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Saturday, January 20th. Oppenheimer reiterated a “buy” rating and issued a $130.00 price target on shares of Texas Instruments in a research note on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $112.00 price target on shares of Texas Instruments in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.96.
Shares of NASDAQ TXN opened at $102.36 on Wednesday. The firm has a market capitalization of $97,847.51, a price-to-earnings ratio of 23.92, a P/E/G ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. Texas Instruments has a fifty-two week low of $75.92 and a fifty-two week high of $120.75.
In other Texas Instruments news, insider Kevin J. Ritchie sold 49,955 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen A. Anderson sold 141,638 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $111.12, for a total value of $15,738,814.56. Following the completion of the sale, the insider now owns 178,200 shares in the company, valued at approximately $19,801,584. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 in the last quarter. Corporate insiders own 0.84% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Taylor Hoffman Wealth Management bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $105,000. Risk Paradigm Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $138,000. Zions Bancorporation lifted its stake in shares of Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the period. We Are One Seven LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $144,000. Finally, Truewealth LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $150,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.
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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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