Zacks: Analysts Expect Texas Instruments Incorporated (NASDAQ:TXN) Will Post Earnings of $0.86 Per Share

Wall Street brokerages predict that Texas Instruments Incorporated (NASDAQ:TXN) will announce earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Texas Instruments’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.94. Texas Instruments posted earnings per share of $1.29 during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, July 21st.

On average, analysts expect that Texas Instruments will report full-year earnings of $3.99 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $4.38. For the next fiscal year, analysts forecast that the business will post earnings of $4.80 per share, with EPS estimates ranging from $3.65 to $5.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.14 billion. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. Texas Instruments’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share.

A number of analysts have commented on TXN shares. Oppenheimer reaffirmed a “buy” rating and set a $120.00 target price (down from $140.00) on shares of Texas Instruments in a report on Wednesday, April 22nd. Rosenblatt Securities reduced their price objective on Texas Instruments from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Mizuho lowered their target price on Texas Instruments from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Citigroup cut their price target on Texas Instruments from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Nomura Securities reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Texas Instruments in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $123.74.

In other news, VP Ahmad Bahai sold 3,185 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $115.57, for a total transaction of $368,090.45. Following the sale, the vice president now directly owns 27,168 shares of the company’s stock, valued at approximately $3,139,805.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TXN. Orser Capital Management LLC raised its holdings in Texas Instruments by 36.4% during the 4th quarter. Orser Capital Management LLC now owns 2,210 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 590 shares during the period. Aptus Capital Advisors LLC lifted its stake in Texas Instruments by 4.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,286 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 95 shares during the last quarter. TCW Group Inc. boosted its position in shares of Texas Instruments by 14.6% during the fourth quarter. TCW Group Inc. now owns 125,053 shares of the semiconductor company’s stock valued at $16,044,000 after buying an additional 15,973 shares during the period. Summit Wealth Group LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $213,000. Finally, Firestone Capital Management bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Shares of NASDAQ:TXN traded up $1.01 during trading on Friday, hitting $125.81. The company’s stock had a trading volume of 4,797,669 shares, compared to its average volume of 6,185,388. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. The firm has a market cap of $115.46 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 3.35 and a beta of 1.13. The company has a 50-day moving average of $121.73 and a 200-day moving average of $119.37. Texas Instruments has a 12 month low of $93.09 and a 12 month high of $135.70.

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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