Texas Instruments (TXN) Releases Q1 Earnings Guidance
Texas Instruments (NASDAQ:TXN) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.98-1.14 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $3.49-3.79 billion, compared to the consensus revenue estimate of $3.63 billion.
Several equities research analysts have recently weighed in on the stock. Credit Suisse Group reaffirmed an outperform rating and issued a $110.00 price target (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank upped their price target 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. Sanford C. Bernstein reaffirmed an outperform rating and issued a $95.00 price target on shares of Texas Instruments in a research report on Tuesday, September 26th. Drexel Hamilton reaffirmed a buy rating and issued a $110.00 price target (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Loop Capital reaffirmed a hold rating and issued a $102.00 price target (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Texas Instruments presently has an average rating of Hold and a consensus price target of $99.84.
Texas Instruments (TXN) traded up $2.61 during trading hours on Tuesday, hitting $119.44. 7,217,400 shares of the stock were exchanged, compared to its average volume of 5,936,229. The firm has a market capitalization of $118,160.00, a price-to-earnings ratio of 27.21, a P/E/G ratio of 2.66 and a beta of 1.27. Texas Instruments has a 1 year low of $74.52 and a 1 year high of $119.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.08%. Texas Instruments’s payout ratio is currently 56.49%.
In related news, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the sale, the insider now directly owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the sale, the chairman now directly owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock worth $131,754,396 in the last quarter. Company 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.
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