Texas Instruments (NASDAQ:TXN) Issues Earnings Results

Texas Instruments (NASDAQ:TXN) announced 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. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The company’s revenue for the quarter 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 Stock Up 3.9 %

Texas Instruments stock traded up $7.64 during midday trading on Wednesday, hitting $201.61. 2,177,758 shares of the company were exchanged, compared to its average volume of 5,438,157. The company’s fifty day moving average price is $203.31 and its 200-day moving average price is $194.94. The company has a market cap of $184.08 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $214.66.

Texas Instruments Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TXN shares. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $206.95.

Insider Buying and Selling

In related news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. 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 that occurred 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 completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Corporate 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.