Texas Instruments (NASDAQ:TXN) Posts Earnings Results

Texas Instruments (NASDAQ:TXN) released its quarterly earnings results on Tuesday. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13, RTT News reports. 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 for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The business’s revenue was down 16.4% on a year-over-year basis. Texas Instruments updated its Q2 guidance to $1.05-1.25 EPS and its Q2 2024 guidance to 1.050-1.250 EPS.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $174.81 on Thursday. The company has a market cap of $159.09 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The business has a 50 day moving average price of $168.66 and a 200-day moving average price of $161.99. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the 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 completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Truist Financial upped their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $180.74.

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.