Texas Instruments Incorporated (NASDAQ:TXN) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TXN to report 3Q20 income of $ 1.27 per share.
For the full year, analysts anticipate top line of $ 13351.80 million, while looking forward to income of $ 5.18 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.14 ~ $ 1.34 per share, while revenues are expected in a range of $ 3,260.00 million ~ $ 3,540.00 million
Click Here For More Historical Outlooks Of Texas Instruments Incorporated
Previous Quarter Performance
Texas Instruments Incorporated announced income for the second quarter of $ 1.15 per share, from the revenue of $ 3,239.00 million. The quarterly earnings declined 15.44 percent while revenues contracted 11.70 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.87 per share from $ 2935.39 million in revenue. The bottom line results beat street analysts by $ 0.28 or 32.18 percent, at the same time, top line results outshined analysts by $ 303.61 million or 10.34 percent.
Stock Performance
Shares of Texas Instruments Incorporated traded low $ -2.36 or -1.54 percent on Monday, reaching $ 150.76 with volume of 4.16 million shares. Texas Instruments Incorporated has traded high as $ 154.88 and has cracked $ 150.26 on the downward trend
According to the previous trading day, closing price of $ 150.76, representing a 64.49 % increase from the 52 week low of $ 93.09 and a 1.77 % decrease over the 52 week high of $ 155.88.
The company has a market capital of $ 138.09 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 130.00 target price.
- On 16th October 2020, maintained by Bank of America at Buy rating, with $ 175.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.90 per share on July 16, 2020. The dividend were payable on August 17, 2020 to holders of record as of the close of business on July 31, 2020 and ex-dividend date on July 30, 2020.
Conference Call
Texas Instruments Incorporated will be hosting a conference call at 4:30 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ti.com
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.
