Texas Instruments Incorporated (TXN) Expected to Announce Quarterly Sales of $3.75 Billion

Equities analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to report $3.75 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Texas Instruments’ earnings, with estimates ranging from $3.75 billion to $3.76 billion. Texas Instruments also posted sales of $3.75 billion during the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Texas Instruments will report full-year sales of $15.82 billion for the current fiscal year, with estimates ranging from $15.82 billion to $15.87 billion. For the next financial year, analysts expect that the business will post sales of $15.58 billion, with estimates ranging from $14.88 billion to $16.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Texas Instruments.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year.

Several brokerages recently issued reports on TXN. UBS Group cut their target price on Texas Instruments from $93.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, October 24th. BidaskClub cut Texas Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. BMO Capital Markets cut their target price on Texas Instruments from $138.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Finally, Susquehanna Bancshares cut their target price on Texas Instruments from $135.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. Texas Instruments presently has a consensus rating of “Hold” and an average target price of $117.11.

In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now directly owns 43,270 shares in the company, valued at $4,067,380. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Martin S. Craighead bought 10,900 shares of the stock in a transaction on Thursday, October 25th. The stock was purchased at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the purchase, the director now owns 13,100 shares of the company’s stock, valued at $1,201,270. The disclosure for this purchase can be found here. Company insiders own 0.84% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. purchased a new position in Texas Instruments during the second quarter worth about $101,000. Baker Ellis Asset Management LLC purchased a new position in Texas Instruments during the second quarter worth about $105,000. Kwmg LLC purchased a new position in Texas Instruments during the second quarter worth about $107,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Texas Instruments during the third quarter worth about $107,000. Finally, Fort L.P. purchased a new position in Texas Instruments during the second quarter worth about $118,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Shares of NASDAQ:TXN traded down $4.94 during mid-day trading on Wednesday, hitting $92.38. 8,774,864 shares of the company traded hands, compared to its average volume of 5,898,373. The stock has a market cap of $93.48 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.89 and a beta of 1.29. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41. Texas Instruments has a 12-month low of $87.90 and a 12-month high of $120.75.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Wednesday, October 31st were issued a dividend of $0.77 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Tuesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 71.96%.

Texas Instruments announced that its Board of Directors has approved a share buyback program on Thursday, September 20th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.

See Also: Debt-To-Equity Ratio

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