Texas Instruments (NASDAQ:TXN) Issues Earnings Results, Beats Estimates By $0.13 EPS

Texas Instruments (NASDAQ:TXN) issued its quarterly earnings data on Tuesday. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13, RTT News reports. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.85 EPS. 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 NASDAQ TXN traded up $9.85 during mid-day trading on Wednesday, reaching $175.32. 2,595,105 shares of the company’s stock were exchanged, compared to its average volume of 5,521,084. The firm has a market capitalization of $159.55 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.52 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 company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm has a 50-day moving average price of $168.32 and a two-hundred day moving average price of $161.90.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXN. Cantor Fitzgerald raised their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Barclays lowered their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $178.79.

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.