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

Texas Instruments (NASDAQ:TXN) posted its quarterly earnings results on Tuesday. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09, Yahoo Finance reports. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. 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

TXN stock traded up $7.64 during trading hours on Wednesday, hitting $201.61. 2,177,758 shares of the stock traded hands, compared to its average volume of 5,438,157. The stock has a 50-day simple moving average of $203.31 and a 200 day simple moving average of $194.94. Texas Instruments has a one year low of $139.48 and a one year high of $214.66. The company has a market cap of $184.08 billion, a P/E ratio of 34.55, a P/E/G ratio of 4.32 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 90.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald lowered their price objective on Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $206.95.

Insider Activity at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last 90 days. 0.68% of the stock is currently 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.