Texas Instruments (NASDAQ:TXN) Posts Earnings Results, Beats Expectations By $0.09 EPS

Texas Instruments (NASDAQ:TXN) released its earnings results on Tuesday. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09, Yahoo Finance reports. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.80 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. Texas Instruments updated its Q4 guidance to $1.07-1.29 EPS and its Q4 2024 guidance to 1.070-1.290 EPS.

Texas Instruments Price Performance

Shares of TXN opened at $201.74 on Thursday. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $203.43 and a 200-day moving average of $194.99. The stock has a market capitalization of $184.20 billion, a P/E ratio of 37.50, a P/E/G ratio of 4.22 and a beta of 0.98.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 96.65%.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. Finally, KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.95.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by corporate insiders.

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.