Texas Instruments (NASDAQ:TXN) Announces Earnings Results

Texas Instruments (NASDAQ:TXN) announced its quarterly earnings results on Tuesday. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06, RTT News reports. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. Texas Instruments updated its Q3 guidance to $1.24-1.48 EPS and its Q3 2024 guidance to 1.240-1.480 EPS.

Texas Instruments Trading Up 3.5 %

TXN stock traded up $6.95 during midday trading on Friday, hitting $204.10. 2,500,705 shares of the company’s stock were exchanged, compared to its average volume of 5,490,072. Texas Instruments has a one year low of $139.48 and a one year high of $210.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The company has a market cap of $185.83 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99. The stock’s fifty day moving average price is $197.90 and its 200-day moving average price is $179.55.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial raised their price target on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup increased their price objective on Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Barclays increased their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $198.64.

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.