Texas Instruments (NASDAQ:TXN) Releases Earnings Results, Beats Estimates By $0.09 EPS

Texas Instruments (NASDAQ:TXN) issued its quarterly earnings data on Tuesday. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09, Yahoo Finance reports. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. 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 Stock Up 3.8 %

TXN traded up $7.33 on Wednesday, reaching $201.30. 2,059,585 shares of the company traded hands, compared to its average volume of 5,439,985. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market cap of $183.80 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 4.32 and a beta of 0.98. The stock’s 50 day moving average price is $203.31 and its 200-day moving average price is $194.94.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 90.28%.

Analysts Set New Price Targets

TXN has been the subject of a number of research analyst reports. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last quarter. 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.