Texas Instruments (NASDAQ:TXN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Texas Instruments (NASDAQ:TXN) posted its quarterly earnings results on Tuesday. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07, RTT News reports. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. Texas Instruments updated its Q4 2019 guidance to $0.91-1.09 EPS and its Q4 guidance to $0.91-1.09 EPS.

TXN stock traded up $0.61 during trading on Friday, hitting $119.02. 56,674 shares of the company’s stock were exchanged, compared to its average volume of 4,864,241. The business has a 50-day moving average price of $128.03 and a two-hundred day moving average price of $118.90. The stock has a market capitalization of $111.05 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.26 and a beta of 1.26. Texas Instruments has a 52-week low of $87.70 and a 52-week high of $132.20. The company has a current ratio of 4.34, a quick ratio of 2.22 and a debt-to-equity ratio of 0.59.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of $0.90 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 3.02%. Texas Instruments’s payout ratio is presently 56.83%.

A number of brokerages have recently commented on TXN. Charter Equity downgraded Texas Instruments from a “buy” rating to a “market perform” rating in a research report on Wednesday. UBS Group boosted their price objective on Texas Instruments from $100.00 to $110.00 and gave the stock a “sell” rating in a research report on Wednesday. Loop Capital boosted their price objective on Texas Instruments to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets boosted their price objective on Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank lowered their price objective on Texas Instruments from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $120.97.

In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 6,185 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total value of $793,040.70. Following the completion of the sale, the senior vice president now owns 62,417 shares in the company, valued at $8,003,107.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the sale, the insider now owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 954,795 shares of company stock valued at $121,661,527. 0.89% of the stock is owned by company insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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