Wall Street brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to announce $1.22 earnings per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Texas Instruments’ earnings, with the lowest EPS estimate coming in at $1.21 and the highest estimate coming in at $1.25. Texas Instruments posted earnings of $1.37 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Texas Instruments will report full year earnings of $5.18 per share for the current year, with EPS estimates ranging from $5.00 to $5.32. For the next financial year, analysts expect that the firm will report earnings of $5.72 per share, with EPS estimates ranging from $5.40 to $6.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share.
NASDAQ:TXN traded down $0.08 during mid-day trading on Friday, reaching $109.13. The stock had a trading volume of 139,308 shares, compared to its average volume of 4,939,147. The stock has a market capitalization of $101.70 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments has a 12 month low of $87.70 and a 12 month high of $119.32.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.82%. Texas Instruments’s payout ratio is presently 56.83%.
In other news, VP Haviv Ilan sold 76,818 shares of Texas Instruments stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total transaction of $9,016,896.84. Following the transaction, the vice president now owns 126,741 shares in the company, valued at $14,876,858.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bing Xie sold 20,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the transaction, the insider now owns 53,934 shares in the company, valued at approximately $6,296,794.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of TXN. Green Square Capital LLC acquired a new position in Texas Instruments in the fourth quarter valued at $1,354,000. Bahl & Gaynor Inc. lifted its holdings in Texas Instruments by 47.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after buying an additional 904,477 shares during the period. Wedbush Securities Inc. lifted its holdings in Texas Instruments by 1.2% in the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 105 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Texas Instruments in the first quarter valued at $5,100,000. Finally, Bessemer Group Inc. lifted its holdings in Texas Instruments by 25.3% in the fourth quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock valued at $262,938,000 after buying an additional 561,160 shares during the period. Institutional investors own 86.72% of the company’s stock.
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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