Texas Instruments (NASDAQ:TXN) Releases Q3 Earnings Guidance

Texas Instruments (NASDAQ:TXN) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.24-1.48 for the period, compared to the consensus EPS estimate of $1.37. The company issued revenue guidance of $3.94-4.26 billion, compared to the consensus revenue estimate of $4.12 billion. Texas Instruments also updated its Q3 2024 guidance to 1.240-1.480 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXN. Jefferies Financial Group boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the company a hold rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Instruments from $160.00 to $185.00 and gave the company a hold rating in a research note on Wednesday. Evercore ISI boosted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price target on Texas Instruments from $175.00 to $200.00 and gave the company a neutral rating in a research note on Wednesday. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $198.64.

Texas Instruments Stock Performance

Shares of TXN stock traded up $0.34 during trading hours on Wednesday, reaching $198.63. 4,817,219 shares of the company’s stock were exchanged, compared to its average volume of 5,438,243. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The stock has a market capitalization of $180.85 billion, a P/E ratio of 31.15, a P/E/G ratio of 4.46 and a beta of 0.99. The business has a fifty day moving average price of $197.80 and a 200-day moving average price of $179.29. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. Analysts predict that Texas Instruments will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be paid a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.62%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by corporate insiders.

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.