Texas Instruments (TXN) Set to Announce Earnings on Tuesday

Texas Instruments (NASDAQ:TXN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Texas Instruments has set its Q3 guidance at $1.24-1.48 EPS and its Q3 2024 guidance at 1.240-1.480 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Instruments Price Performance

Texas Instruments stock opened at $198.47 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. 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 $181.21 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The business has a fifty day moving average of $203.30 and a two-hundred day moving average of $194.56.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is 90.28%.

Wall Street Analyst Weigh In

TXN has been the subject of several research reports. Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. KeyCorp boosted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley lifted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Finally, Barclays increased their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $207.15.

Insider Activity

In other Texas Instruments news, 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 transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares of the company’s stock, 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 a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by 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.