Analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to report $3.60 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Texas Instruments’ earnings, with the lowest sales estimate coming in at $3.60 billion and the highest estimate coming in at $3.63 billion. Texas Instruments reported sales of $4.02 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 10.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Texas Instruments will report full year sales of $14.72 billion for the current fiscal year, with estimates ranging from $14.53 billion to $15.01 billion. For the next fiscal year, analysts anticipate that the company will report sales of $15.45 billion, with estimates ranging from $14.78 billion to $16.74 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Texas Instruments.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. Texas Instruments’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS.
In related news, insider Bing Xie sold 20,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.75, for a total value of $2,335,000.00. Following the completion of the sale, the insider now owns 53,934 shares in the company, valued at approximately $6,296,794.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 475,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the completion of the sale, the chairman now owns 930,287 shares of the company’s stock, valued at approximately $109,197,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 879,332 shares of company stock valued at $103,024,864 in the last 90 days. Insiders own 0.89% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in shares of Texas Instruments by 1.8% in the fourth quarter. Northern Trust Corp now owns 13,762,531 shares of the semiconductor company’s stock worth $1,300,560,000 after acquiring an additional 246,740 shares in the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,920,679 shares of the semiconductor company’s stock valued at $1,219,104,000 after acquiring an additional 240,456 shares during the last quarter. Norges Bank purchased a new stake in Texas Instruments in the fourth quarter valued at $864,454,000. Legal & General Group Plc lifted its position in Texas Instruments by 6.9% in the fourth quarter. Legal & General Group Plc now owns 4,899,566 shares of the semiconductor company’s stock valued at $462,980,000 after acquiring an additional 317,883 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt lifted its position in Texas Instruments by 9.5% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,759,000 shares of the semiconductor company’s stock valued at $398,680,000 after acquiring an additional 325,000 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.
Shares of Texas Instruments stock opened at $114.76 on Friday. The stock has a market cap of $109.15 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.21 and a beta of 1.24. Texas Instruments has a twelve month low of $87.70 and a twelve month high of $119.32. The company has a 50-day moving average of $109.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70.
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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