Texas Instruments (NASDAQ:TXN) Issues Earnings Results

Texas Instruments (NASDAQ:TXN) posted its quarterly earnings data on Tuesday. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13, RTT News reports. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the company earned $1.85 EPS. Texas Instruments updated its Q2 guidance to $1.05-1.25 EPS and its Q2 2024 guidance to 1.050-1.250 EPS.

Texas Instruments Stock Up 6.8 %

Texas Instruments stock opened at $176.64 on Wednesday. The firm has a market cap of $160.75 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.52 and a beta of 1.04. The business has a fifty day moving average of $168.32 and a two-hundred day moving average of $161.90. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TXN shares. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Susquehanna raised their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. KeyCorp upped their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Barclays decreased their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $178.79.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.