$1.24 EPS Expected for Texas Instruments Incorporated (TXN) This Quarter

Analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to post $1.24 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Texas Instruments’ earnings. The highest EPS estimate is $1.25 and the lowest is $1.23. Texas Instruments posted earnings per share of $1.09 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The company is scheduled to announce its next earnings results on Tuesday, January 22nd.

According to Zacks, analysts expect that Texas Instruments will report full-year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.60. For the next financial year, analysts forecast that the firm will report earnings of $5.56 per share, with EPS estimates ranging from $5.09 to $6.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Texas Instruments.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS.

Several equities analysts recently issued reports on TXN shares. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. KeyCorp started coverage on Texas Instruments in a research report on Tuesday, September 25th. They issued a “sector weight” rating for the company. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Goldman Sachs Group upgraded Texas Instruments from a “sell” rating to a “neutral” rating in a research report on Thursday, October 18th. Finally, Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $117.11.

Shares of Texas Instruments stock traded down $4.94 during trading on Monday, hitting $92.38. 8,774,864 shares of the company were exchanged, compared to its average volume of 5,898,373. The firm has a market capitalization of $93.48 billion, a P/E ratio of 21.58, a PEG ratio of 1.89 and a beta of 1.29. Texas Instruments has a 1-year low of $87.90 and a 1-year high of $120.75. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41.

Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 20th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.33%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio is currently 71.96%.

In related news, insider Kyle M. Flessner sold 16,088 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin S. Craighead purchased 10,900 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the purchase, the director now owns 13,100 shares in the company, valued at approximately $1,201,270. The disclosure for this purchase can be found here. Corporate insiders own 0.84% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bridgeworth LLC increased its position in Texas Instruments by 28.7% during the 2nd quarter. Bridgeworth LLC now owns 3,064 shares of the semiconductor company’s stock worth $337,000 after buying an additional 683 shares during the period. Bessemer Group Inc. boosted its stake in Texas Instruments by 1.1% in the third quarter. Bessemer Group Inc. now owns 2,221,245 shares of the semiconductor company’s stock valued at $238,317,000 after buying an additional 23,781 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Texas Instruments by 9.8% in the second quarter. Flagship Harbor Advisors LLC now owns 10,190 shares of the semiconductor company’s stock valued at $1,123,000 after buying an additional 906 shares in the last quarter. Lourd Capital LLC acquired a new stake in Texas Instruments in the third quarter valued at about $299,000. Finally, First Manhattan Co. boosted its stake in Texas Instruments by 50.4% in the third quarter. First Manhattan Co. now owns 52,545 shares of the semiconductor company’s stock valued at $5,637,000 after buying an additional 17,597 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.

Recommended Story: Cost of equity and a company’s balance sheet

Get a free copy of the Zacks research report on Texas Instruments (TXN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply