Wall Street analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to announce earnings of $1.24 per share for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Texas Instruments’ earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.23. Texas Instruments posted earnings per share of $1.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The company is scheduled to issue its next earnings report on Tuesday, January 22nd.

On average, analysts expect that Texas Instruments will report full-year earnings of $5.57 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.60. For the next fiscal year, analysts anticipate that the company will post earnings of $5.56 per share, with EPS estimates ranging from $5.09 to $6.07. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Texas Instruments.

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

Several analysts have recently weighed in on TXN shares. JPMorgan Chase & Co. lowered their target price on shares of Texas Instruments from $134.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. B. Riley lowered their target price on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, October 22nd. Royal Bank of Canada lowered their target price on shares of Texas Instruments to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $115.00 target price on shares of Texas Instruments in a report on Wednesday, October 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $117.11.

Shares of NASDAQ:TXN traded down $4.94 during midday trading on Monday, hitting $92.38. The stock had a trading volume of 8,774,864 shares, compared to its average volume of 5,898,373. The company 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 1 year low of $87.90 and a 1 year high of $120.75.

Texas Instruments announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 20th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now owns 43,270 shares of the company’s stock, valued at $4,067,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin S. Craighead acquired 10,900 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was purchased at an average cost of $91.70 per share, with a total value of $999,530.00. Following the transaction, 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. 0.84% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of TXN. Centaurus Financial Inc. acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $101,000. Baker Ellis Asset Management LLC acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $105,000. Kwmg LLC acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $107,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $107,000. Finally, Fort L.P. acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $118,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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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