$4.30 Billion in Sales Expected for Texas Instruments Incorporated (TXN) This Quarter

Brokerages expect Texas Instruments Incorporated (NASDAQ:TXN) to report $4.30 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Texas Instruments’ earnings. The highest sales estimate is $4.44 billion and the lowest is $4.28 billion. Texas Instruments posted sales of $4.12 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The firm is expected to announce its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that Texas Instruments will report full year sales of $16.12 billion for the current year, with estimates ranging from $15.99 billion to $16.39 billion. For the next financial year, analysts anticipate that the firm will report sales of $16.78 billion per share, with estimates ranging from $16.25 billion to $17.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Texas Instruments.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis.

TXN has been the subject of several recent analyst reports. Bank of America upped their target price on Texas Instruments from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Longbow Research upgraded Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 11th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Mizuho restated a “hold” rating on shares of Texas Instruments in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada upped their target price on Texas Instruments from $125.00 to $127.00 and gave the stock a “$115.68” rating in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $121.64.

In related news, insider Stephen A. Anderson sold 25,318 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the completion of the sale, the insider now directly owns 131,153 shares in the company, valued at $14,630,117.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in Texas Instruments by 19.7% in the second quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock valued at $1,423,082,000 after purchasing an additional 2,120,260 shares during the period. Franklin Resources Inc. grew its holdings in Texas Instruments by 26.5% during the 1st quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after acquiring an additional 2,450,531 shares during the period. Wells Fargo & Company MN grew its holdings in Texas Instruments by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after acquiring an additional 45,800 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Texas Instruments by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after acquiring an additional 123,780 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Texas Instruments by 39.1% during the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock worth $357,662,000 after acquiring an additional 921,101 shares during the period. Institutional investors and hedge funds own 84.35% of the company’s stock.

NASDAQ TXN opened at $115.25 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. Texas Instruments has a fifty-two week low of $80.03 and a fifty-two week high of $120.75. The firm has a market cap of $110.48 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.20.

The business also recently declared a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st were issued a dividend of $0.62 per share. The ex-dividend date was Monday, July 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.15%. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.

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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