FY2024 EPS Estimates for Texas Instruments Incorporated (NASDAQ:TXN) Raised by Zacks Research

Texas Instruments Incorporated (NASDAQ:TXN) – Equities researchers at Zacks Research increased their FY2024 earnings per share estimates for shares of Texas Instruments in a note issued to investors on Tuesday, May 7th. Zacks Research analyst S. Mete now expects that the semiconductor company will post earnings of $5.05 per share for the year, up from their previous forecast of $4.91. The consensus estimate for Texas Instruments’ current full-year earnings is $5.21 per share. Zacks Research also issued estimates for Texas Instruments’ Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.57 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $5.95 EPS, Q1 2026 earnings at $1.59 EPS and FY2026 earnings at $7.23 EPS.

Several other brokerages have also recently issued reports on TXN. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Evercore ISI increased their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Barclays decreased their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $185.32 on Friday. The company has a 50 day simple moving average of $171.80 and a two-hundred day simple moving average of $163.72. The stock has a market cap of $168.73 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.81 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.81%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $71,009,121.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently made changes to their positions in TXN. Keudell Morrison Wealth Management lifted its holdings in shares of Texas Instruments by 1.5% in the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock valued at $682,000 after purchasing an additional 59 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 62 shares during the period. Field & Main Bank grew its stake in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 65 shares in the last quarter. Guardian Wealth Management Inc. increased its holdings in shares of Texas Instruments by 0.6% in the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares during the period. Finally, Buckley Wealth Management LLC lifted its position in shares of Texas Instruments by 1.1% in the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock worth $1,028,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 84.99% 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.