Texas Instruments Incorporated (NASDAQ:TXN) Expected to Post Quarterly Sales of $3.22 Billion

Wall Street analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to announce $3.22 billion in sales for the current quarter, Zacks reports. Nine analysts have made estimates for Texas Instruments’ earnings, with the highest sales estimate coming in at $3.33 billion and the lowest estimate coming in at $3.20 billion. Texas Instruments posted sales of $3.72 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 13.4%. The company is scheduled to issue its next earnings results on Wednesday, January 22nd.

On average, analysts expect that Texas Instruments will report full year sales of $14.26 billion for the current fiscal year, with estimates ranging from $14.23 billion to $14.36 billion. For the next financial year, analysts anticipate that the business will report sales of $13.95 billion, with estimates ranging from $13.22 billion to $15.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the company posted $1.56 EPS. The firm’s revenue was down 11.5% compared to the same quarter last year.

TXN has been the topic of several research reports. CIBC raised their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Barclays raised their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. BMO Capital Markets raised their price objective on shares of Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks lowered their price objective on shares of Texas Instruments from $133.00 to $122.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $120.97.

TXN stock traded up $0.43 during midday trading on Wednesday, hitting $118.00. The company’s stock had a trading volume of 4,478,500 shares, compared to its average volume of 5,391,558. Texas Instruments has a 52-week low of $87.70 and a 52-week high of $132.20. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $110.70 billion, a P/E ratio of 21.77, a PEG ratio of 2.37 and a beta of 1.23. The firm has a 50-day simple moving average of $124.50 and a 200-day simple moving average of $119.27.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 31st will be issued a $0.90 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 annualized dividend and a dividend yield of 3.05%. Texas Instruments’s payout ratio is presently 66.42%.

In other news, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $119.51, for a total value of $643,322.33. Following the sale, the vice president now owns 41,839 shares of the company’s stock, valued at $5,000,178.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Texas Instruments by 7.4% during the third quarter. Cetera Investment Advisers now owns 7,005 shares of the semiconductor company’s stock worth $905,000 after buying an additional 485 shares in the last quarter. Cetera Advisor Networks LLC raised its position in Texas Instruments by 31.8% during the third quarter. Cetera Advisor Networks LLC now owns 17,920 shares of the semiconductor company’s stock worth $2,323,000 after acquiring an additional 4,327 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Texas Instruments by 5.7% during the third quarter. Miracle Mile Advisors LLC now owns 27,721 shares of the semiconductor company’s stock worth $3,583,000 after acquiring an additional 1,488 shares during the last quarter. Trillium Asset Management LLC raised its position in Texas Instruments by 2.6% during the third quarter. Trillium Asset Management LLC now owns 74,585 shares of the semiconductor company’s stock worth $9,640,000 after acquiring an additional 1,888 shares during the last quarter. Finally, Rational Advisors LLC raised its position in Texas Instruments by 1,839.0% during the third quarter. Rational Advisors LLC now owns 3,335 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 3,163 shares during the last quarter. 85.72% of the stock is currently owned by institutional investors and hedge funds.

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

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