Texas Instruments Incorporated (TXN) to Release Quarterly Earnings on Tuesday
Texas Instruments Incorporated (NASDAQ:TXN) is scheduled to announce its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Texas Instruments has set its Q2 guidance at $0.89-1.01 EPS.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect Texas Instruments to post $3.93 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 81.66 on Tuesday. The company’s 50-day moving average is $80.47 and its 200-day moving average is $78.30. Texas Instruments Incorporated has a one year low of $64.54 and a one year high of $84.65. The company has a market cap of $81.36 billion, a price-to-earnings ratio of 21.73 and a beta of 1.21.
TXN has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 target price (up previously from $73.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Vetr raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating and set a $89.16 price target on the stock in a research report on Tuesday, April 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $84.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $90.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $90.00 price target on shares of Texas Instruments in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and an average target price of $82.21.
In related news, insider Kevin P. March sold 150,000 shares of Texas Instruments stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $80.74, for a total value of $12,111,000.00. Following the transaction, the insider now directly owns 448,663 shares in the company, valued at approximately $36,225,050.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Niels Anderskouv sold 134,360 shares of Texas Instruments stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total transaction of $10,805,231.20. Following the completion of the transaction, the insider now owns 132,079 shares in the company, valued at $10,621,793.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,780 shares of company stock worth $26,093,457. 0.96% of the stock is currently owned by insiders.
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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.
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