$4.44 Billion in Sales Expected for Texas Instruments Incorporated (NASDAQ:TXN) This Quarter – MarketBeat

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Wall Street analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to post sales of $4.44 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Texas Instruments’ earnings, with estimates ranging from $4.40 billion to $4.52 billion. Texas Instruments reported sales of $4.08 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The business is scheduled to issue its next earnings results on Tuesday, January 25th.
According to Zacks, analysts expect that Texas Instruments will report full year sales of $17.95 billion for the current financial year, with estimates ranging from $17.91 billion to $18.03 billion. For the next fiscal year, analysts expect that the business will post sales of $18.66 billion, with estimates ranging from $18.18 billion to $19.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Texas Instruments.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 26th. The semiconductor company reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.67 billion. Texas Instruments had a net margin of 41.61% and a return on equity of 68.63%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. (adsbygoogle = window.adsbygoogle || []).push({});
Several brokerages recently commented on TXN. Truist Securities increased their price objective on shares of Texas Instruments from $200.00 to $208.00 and gave the company a “hold” rating in a research report on Wednesday, October 27th. Longbow Research downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating in a research report on Monday, September 20th. Truist increased their price objective on shares of Texas Instruments from $200.00 to $208.00 and gave the company a “hold” rating in a research report on Wednesday, October 27th. Rosenblatt Securities restated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 27th. Finally, KeyCorp upped their target price on shares of Texas Instruments from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $210.74.
In other Texas Instruments news, VP Ahmad Bahai sold 4,250 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $189.49, for a total transaction of $805,332.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Gary sold 4,991 shares of the firm’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $190.00, for a total transaction of $948,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,241 shares of company stock worth $10,772,343. 0.61% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TXN. OLD Mission Capital LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at approximately $207,000. GSA Capital Partners LLP purchased a new position in shares of Texas Instruments in the second quarter valued at $407,000. Verdence Capital Advisors LLC grew its holdings in shares of Texas Instruments by 36.5% in the second quarter. Verdence Capital Advisors LLC now owns 3,259 shares of the semiconductor company’s stock valued at $627,000 after purchasing an additional 872 shares in the last quarter. Naples Global Advisors LLC grew its holdings in shares of Texas Instruments by 1.8% in the second quarter. Naples Global Advisors LLC now owns 18,140 shares of the semiconductor company’s stock valued at $3,488,000 after purchasing an additional 320 shares in the last quarter. Finally, Tandem Capital Management Corp ADV grew its holdings in shares of Texas Instruments by 0.9% in the second quarter. Tandem Capital Management Corp ADV now owns 18,894 shares of the semiconductor company’s stock valued at $3,633,000 after purchasing an additional 160 shares in the last quarter. 82.54% of the stock is owned by institutional investors and hedge funds.
Shares of TXN stock opened at $188.47 on Friday. Texas Instruments has a one year low of $160.76 and a one year high of $202.26. The company’s 50-day moving average is $191.12 and its 200 day moving average is $191.01. The company has a market capitalization of $174.06 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 4.86 and a current ratio of 5.63.
About Texas Instruments
Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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Earnings History and Estimates for Texas Instruments (NASDAQ:TXN)
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