Texas Instruments (NASDAQ:TXN) Updates Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.05-1.25 for the period, compared to the consensus earnings per share estimate of $1.15. The company issued revenue guidance of $3.65-3.95 billion, compared to the consensus revenue estimate of $3.74 billion.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Truist Financial cut their price target on shares of Texas Instruments from $166.00 to $165.00 and set a hold rating on the stock in a report on Friday, February 9th. TD Cowen raised their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a market perform rating in a report on Wednesday, January 24th. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They set an outperform rating and a $213.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of Hold and an average price target of $176.68.

Texas Instruments Stock Performance

TXN stock traded up $2.04 during trading on Tuesday, hitting $165.47. 6,650,944 shares of the company’s stock traded hands, compared to its average volume of 5,557,919. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a fifty day moving average price of $168.15 and a two-hundred day moving average price of $161.84. The stock has a market capitalization of $150.59 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.