FY2024 EPS Estimates for Texas Instruments Incorporated (NASDAQ:TXN) Lowered by Cantor Fitzgerald

Texas Instruments Incorporated (NASDAQ:TXN) – Stock analysts at Cantor Fitzgerald cut their FY2024 earnings per share (EPS) estimates for shares of Texas Instruments in a research report issued to clients and investors on Wednesday, April 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will post earnings per share of $5.15 for the year, down from their prior estimate of $5.45. Cantor Fitzgerald has a “Neutral” rating and a $180.00 price objective on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $5.16 per share.

Several other equities research analysts have also issued reports on the company. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Evercore ISI lifted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $181.06.

Texas Instruments Trading Up 5.6 %

Shares of NASDAQ TXN opened at $174.81 on Thursday. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The firm has a market capitalization of $159.09 billion, a PE ratio of 27.27, a PEG ratio of 3.56 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $168.66 and a two-hundred day moving average price of $161.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year.

Insiders Place Their Bets

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

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of TXN. Founders Financial Securities LLC increased its position in shares of Texas Instruments by 4.5% during the third quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 150 shares during the period. Meridian Wealth Management LLC grew its position in Texas Instruments by 4.5% in the third quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 207 shares during the period. Private Trust Co. NA grew its position in Texas Instruments by 1.1% in the third quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after acquiring an additional 87 shares during the period. Boston Trust Walden Corp grew its position in Texas Instruments by 38.2% in the third quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after acquiring an additional 14,965 shares during the period. Finally, Capital Asset Advisory Services LLC grew its position in Texas Instruments by 4.7% in the third quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 75 shares during the period. 84.99% of the stock is currently owned by institutional investors.

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.