$0.95 Earnings Per Share Expected for Texas Instruments Incorporated (TXN) This Quarter

Brokerages predict that Texas Instruments Incorporated (NASDAQ:TXN) will announce earnings of $0.95 per share for the current quarter, Zacks reports. Ten analysts have issued estimates for Texas Instruments’ earnings. The lowest EPS estimate is $0.93 and the highest is $0.98. Texas Instruments posted earnings per share of $0.76 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, July 25th.

On average, analysts expect that Texas Instruments will report full-year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.65 to $4.05. For the next fiscal year, analysts forecast that the business will report earnings of $4.10 per share, with EPS estimates ranging from $3.80 to $4.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and issued a $92.00 price objective on shares of Texas Instruments in a report on Monday, April 17th. B. Riley restated a “neutral” rating and issued a $83.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Jefferies Group LLC increased their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective on the stock. in a report on Tuesday, April 18th. Finally, Nomura restated a “hold” rating and issued a $75.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.10.

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Shares of Texas Instruments (TXN) opened at 79.04 on Wednesday. Texas Instruments has a one year low of $62.05 and a one year high of $84.65. The company has a market cap of $78.75 billion, a PE ratio of 21.03 and a beta of 1.20. The company’s 50-day moving average price is $80.47 and its 200 day moving average price is $78.30.

In related news, Director Pamela H. Patsley sold 7,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.55, for a total transaction of $563,850.00. Following the sale, the director now directly owns 35,296 shares of the company’s stock, valued at approximately $2,843,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Niels Anderskouv sold 134,360 shares of Texas Instruments stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total transaction of $10,805,231.20. Following the sale, the insider now directly owns 132,079 shares in the company, valued at $10,621,793.18. The disclosure for this sale can be found here. Insiders sold a total of 323,780 shares of company stock valued at $26,093,457 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Large investors have recently bought and sold shares of the company. CenturyLink Investment Management Co increased its stake in Texas Instruments by 57.6% in the second quarter. CenturyLink Investment Management Co now owns 10,258 shares of the semiconductor company’s stock valued at $789,000 after buying an additional 3,749 shares in the last quarter. Appleton Partners Inc. MA increased its position in shares of Texas Instruments by 1.7% in the second quarter. Appleton Partners Inc. MA now owns 13,109 shares of the semiconductor company’s stock worth $1,008,000 after buying an additional 223 shares during the period. Portland Global Advisors LLC increased its position in shares of Texas Instruments by 0.3% in the second quarter. Portland Global Advisors LLC now owns 33,338 shares of the semiconductor company’s stock worth $2,565,000 after buying an additional 95 shares during the period. Central Bank & Trust Co. increased its position in shares of Texas Instruments by 23.0% in the second quarter. Central Bank & Trust Co. now owns 3,952 shares of the semiconductor company’s stock worth $304,000 after buying an additional 740 shares during the period. Finally, Fulton Bank N.A. increased its position in shares of Texas Instruments by 0.5% in the second quarter. Fulton Bank N.A. now owns 12,795 shares of the semiconductor company’s stock worth $985,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 84.50% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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