Texas Instruments (NASDAQ:TXN) Releases Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.05-1.25 for the period, compared to the consensus estimate of $1.15. The company issued revenue guidance of $3.65-3.95 billion, compared to the consensus revenue estimate of $3.74 billion. Texas Instruments also updated its Q2 2024 guidance to 1.050-1.250 EPS.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and increased their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Robert W. Baird increased their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research report on Thursday. Oppenheimer restated a market perform rating on shares of Texas Instruments in a research report on Wednesday. Finally, Truist Financial increased their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. Three equities research 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’s stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of Hold and a consensus price target of $180.74.

Texas Instruments Price Performance

NASDAQ:TXN traded up $0.44 on Thursday, hitting $175.25. The company had a trading volume of 9,129,091 shares, compared to its average volume of 5,711,318. The stock has a market capitalization of $159.49 billion, a price-to-earnings ratio of 27.34, 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 firm has a 50 day moving average of $168.95 and a two-hundred day moving average of $162.08. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm 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 35.54%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. On average, research analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.97%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by 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.