Texas Instruments (TXN) Issues Earnings Results

Texas Instruments (NASDAQ:TXN) posted its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09, Bloomberg Earnings reports. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Texas Instruments updated its Q1 guidance to $0.98-1.14 EPS.

Texas Instruments (NASDAQ:TXN) traded up $1.70 during midday trading on Thursday, reaching $102.68. 7,413,300 shares of the company’s stock traded hands, compared to its average volume of 7,211,337. Texas Instruments has a fifty-two week low of $75.52 and a fifty-two week high of $120.75. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. The stock has a market cap of $99,521.91, a PE ratio of 28.52, a PEG ratio of 2.12 and a beta of 1.24.

The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.89%.

TXN has been the topic of several research reports. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Morgan Stanley boosted their target price on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and set a $112.00 target price on shares of Texas Instruments in a research report on Thursday, January 4th. Robert W. Baird upped their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Deutsche Bank upped their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Fifteen research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.65.

In other news, VP Haviv Ilan sold 23,831 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total value of $2,629,989.16. Following the transaction, the vice president now owns 131,153 shares of the company’s stock, valued at approximately $14,474,045.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haren Julie Van sold 19,125 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $105.48, for a total transaction of $2,017,305.00. Following the completion of the transaction, the insider now directly owns 29,578 shares in the company, valued at approximately $3,119,887.44. The disclosure for this sale can be found here. Insiders sold a total of 707,677 shares of company stock worth $78,161,034 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

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Texas Instruments Company Profile

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.

Earnings History for Texas Instruments (NASDAQ:TXN)

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