Texas Instruments (TXN) to Post Q2 2018 Earnings of $1.31 Per Share, B. Riley Forecasts
Texas Instruments (NASDAQ:TXN) – Investment analysts at B. Riley raised their Q2 2018 earnings per share estimates for Texas Instruments in a report released on Wednesday, April 25th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of $1.31 per share for the quarter, up from their previous forecast of $1.24. B. Riley has a “Neutral” rating and a $115.00 price target on the stock. B. Riley also issued estimates for Texas Instruments’ Q3 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.36 EPS, Q1 2019 earnings at $1.38 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $6.09 EPS, Q1 2020 earnings at $1.51 EPS and FY2020 earnings at $6.67 EPS.
TXN has been the topic of a number of other research reports. Mizuho reissued a “buy” rating and issued a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. DZ Bank raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Nomura increased their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $138.00 price target (up from $5.08) on shares of Texas Instruments in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.38.
Texas Instruments (NASDAQ:TXN) last posted its 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 business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be issued 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 presently 57.94%.
In other Texas Instruments news, insider Kevin J. Ritchie sold 49,955 shares of the stock in a transaction 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 SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 43,935 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $109.44, for a total transaction of $4,808,246.40. Following the completion of the sale, the chairman now owns 798,812 shares in the company, valued at $87,421,985.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 528,297 shares of company stock worth $57,894,242. Company insiders own 0.84% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Taylor Hoffman Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter worth $105,000. Risk Paradigm Group LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $138,000. We Are One Seven LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $144,000. Truewealth LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $150,000. Finally, Captrust Financial Advisors bought a new stake in shares of Texas Instruments during the fourth quarter worth $174,000. 85.18% of the stock is owned by institutional investors.
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.
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