Texas Instruments (NASDAQ:TXN) – Equities research analysts at KeyCorp upped their Q2 2018 earnings per share estimates for Texas Instruments in a research note issued on Tuesday, April 24th. KeyCorp analyst M. Mcconnell now forecasts that the semiconductor company will post earnings per share of $1.30 for the quarter, up from their previous forecast of $1.23. KeyCorp also issued estimates for Texas Instruments’ Q3 2018 earnings at $1.48 EPS, Q4 2018 earnings at $1.42 EPS, Q1 2019 earnings at $1.34 EPS, Q2 2019 earnings at $1.49 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.60 EPS and FY2019 earnings at $6.10 EPS.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share.

Other equities research analysts have also recently issued research reports about the company. Sanford C. Bernstein set a $125.00 price target on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. Citigroup reiterated a “buy” rating and set a $135.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Mizuho reiterated a “buy” rating and set a $107.00 price objective (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Drexel Hamilton reiterated a “buy” rating and set a $130.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Oppenheimer reiterated a “buy” rating and set a $130.00 price objective on shares of Texas Instruments in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $110.38.

TXN opened at $102.51 on Thursday. The company has a market cap of $101,330.12, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. The company has a current ratio of 4.62, a quick ratio of 3.00 and a debt-to-equity ratio of 0.34. Texas Instruments has a twelve month low of $75.92 and a twelve month high of $120.75.

A number of institutional investors have recently bought and sold shares of TXN. Taylor Hoffman Wealth Management acquired a new position in Texas Instruments in the 4th quarter worth approximately $105,000. Risk Paradigm Group LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $138,000. We Are One Seven LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $144,000. Truewealth LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $150,000. Finally, Avestar Capital LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $173,000. 85.18% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Kevin J. Ritchie sold 49,955 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total value of $5,145,365.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 9,724 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the completion of the transaction, the director now directly owns 10,178 shares of the company’s stock, valued at approximately $1,144,719.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 528,297 shares of company stock worth $57,894,242. 0.84% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be given a $0.62 dividend. The ex-dividend date is Friday, May 4th. This represents a $2.48 annualized dividend and a yield of 2.42%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

About Texas Instruments

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.

Earnings History and Estimates for Texas Instruments (NASDAQ:TXN)

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