Texas Instruments (NASDAQ:TXN) Announces Earnings Results

Texas Instruments (NASDAQ:TXN) posted its quarterly earnings data on Tuesday. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13, RTT News reports. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company posted $1.85 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis. Texas Instruments updated its Q2 guidance to $1.05-1.25 EPS and its Q2 2024 guidance to 1.050-1.250 EPS.

Texas Instruments Stock Up 1.3 %

TXN traded up $2.36 during midday trading on Friday, reaching $177.61. The company’s stock had a trading volume of 560,239 shares, compared to its average volume of 5,646,122. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The stock’s 50-day moving average is $168.95 and its 200-day moving average is $162.08. The firm has a market capitalization of $161.64 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Truist Financial lifted their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays decreased their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $180.74.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.