Texas Instruments (NASDAQ:TXN) Issues Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.05-1.25 for the period, compared to the consensus EPS estimate of $1.15. The company issued revenue guidance of $3.65-3.95 billion, compared to the consensus revenue estimate of $3.74 billion. Texas Instruments also updated its Q2 2024 guidance to 1.050-1.250 EPS.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXN. KeyCorp boosted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a report on Wednesday, January 24th. Stifel Nicolaus boosted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a report on Wednesday. TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a report on Wednesday. Finally, Barclays reduced their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $180.74.

Texas Instruments Trading Up 1.6 %

NASDAQ TXN traded up $2.77 on Friday, hitting $178.02. 1,299,498 shares of the company were exchanged, compared to its average volume of 5,654,042. The company’s 50 day moving average price is $168.95 and its 200-day moving average price is $162.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The firm has a market capitalization of $162.01 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business posted $1.85 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts predict that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.92%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

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.