Texas Instruments (NASDAQ:TXN) Releases Earnings Results, Beats Expectations By $0.17 EPS

Texas Instruments (NASDAQ:TXNGet Rating) issued its quarterly earnings results on Tuesday. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.17, RTT News reports. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.64 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. Texas Instruments updated its Q1 2023 guidance to $1.64-$1.90 EPS and its Q1 guidance to $1.64-$1.90 EPS.

Texas Instruments Price Performance

TXN stock traded down $4.36 during mid-day trading on Wednesday, reaching $172.68. 1,575,839 shares of the company’s stock were exchanged, compared to its average volume of 5,445,509. Texas Instruments has a 12-month low of $144.46 and a 12-month high of $191.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The company has a market cap of $156.72 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The stock’s 50 day moving average is $172.92 and its 200 day moving average is $168.62.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $1.24 per share. The ex-dividend date is Monday, January 30th. This represents a $4.96 annualized dividend and a yield of 2.87%. Texas Instruments’s payout ratio is presently 51.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TXN shares. Citigroup lifted their price target on Texas Instruments from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, January 18th. The Goldman Sachs Group dropped their price target on Texas Instruments to $153.00 in a research report on Thursday, October 27th. Sanford C. Bernstein dropped their target price on Texas Instruments to $145.00 in a research report on Thursday, October 27th. Susquehanna Bancshares dropped their target price on Texas Instruments from $215.00 to $195.00 in a research report on Wednesday, October 26th. Finally, Robert W. Baird boosted their target price on Texas Instruments from $160.00 to $180.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $179.63.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Several large investors have recently bought and sold shares of TXN. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares during the last quarter. National Pension Service grew its holdings in Texas Instruments by 2.2% during the 3rd quarter. National Pension Service now owns 1,354,636 shares of the semiconductor company’s stock valued at $214,642,000 after buying an additional 29,328 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after purchasing an additional 243,907 shares during the last quarter. Avalon Investment & Advisory lifted its stake in shares of Texas Instruments by 3.7% during the 1st quarter. Avalon Investment & Advisory now owns 447,752 shares of the semiconductor company’s stock worth $82,153,000 after acquiring an additional 15,916 shares during the last quarter. Finally, Mariner LLC increased its holdings in Texas Instruments by 9.9% during the 1st quarter. Mariner LLC now owns 370,543 shares of the semiconductor company’s stock worth $67,987,000 after purchasing an additional 33,260 shares during the period. 83.12% of the stock is currently owned by institutional investors.

Texas Instruments Company Profile

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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