Zacks: Brokerages Anticipate Texas Instruments Incorporated (TXN) Will Announce Quarterly Sales of $3.60 Billion

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Equities analysts forecast that Texas Instruments Incorporated (NASDAQ:TXN) will post sales of $3.60 billion for the current quarter, according to Zacks. Nine analysts have provided 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 in the same quarter last year, which would suggest a negative year over year growth rate of 10.4%. The company is expected to issue its next quarterly earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Texas Instruments will report full year sales of $14.77 billion for the current fiscal year, with estimates ranging from $14.53 billion to $15.01 billion. For the next year, analysts forecast that the firm will report sales of $15.50 billion, with estimates ranging from $14.78 billion to $16.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Texas Instruments.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS.

A number of analysts have recently weighed in on TXN shares. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. DZ Bank lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Robert W. Baird reaffirmed a “hold” rating and issued a $97.00 price target on shares of Texas Instruments in a research note on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $111.18.

In other Texas Instruments news, CEO Richard K. Templeton sold 160,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.77, for a total value of $18,683,200.00. Following the transaction, the chief executive officer now owns 930,287 shares in the company, valued at approximately $108,629,612.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Niels Anderskouv sold 53,075 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.86, for a total transaction of $6,202,344.50. Following the completion of the transaction, the vice president now owns 138,317 shares in the company, valued at approximately $16,163,724.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 879,332 shares of company stock worth $103,024,864. Company insiders own 0.89% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Cordasco Financial Network acquired a new position in Texas Instruments in the 1st quarter valued at approximately $27,000. CX Institutional increased its stake in Texas Instruments by 95.9% in the 1st quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Ameritas Investment Corp acquired a new position in Texas Instruments in the 1st quarter valued at approximately $33,000. WealthBridge Capital Management LLC increased its stake in Texas Instruments by 381.5% in the 1st quarter. WealthBridge Capital Management LLC now owns 313 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 248 shares during the period. Finally, Farmers National Bank acquired a new position in Texas Instruments in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Shares of NASDAQ:TXN opened at $109.48 on Thursday. The company has a market capitalization of $98.67 billion, a PE ratio of 20.20, a P/E/G ratio of 2.01 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 quick ratio of 2.70, a current ratio of 3.68 and a debt-to-equity ratio of 0.59.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.81%. Texas Instruments’s dividend payout ratio is presently 56.83%.

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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