Texas Instruments Incorporated (NASDAQ:TXN) Forecasted to Post FY2024 Earnings of $4.82 Per Share

Texas Instruments Incorporated (NASDAQ:TXN) – Cantor Fitzgerald reduced their FY2024 earnings estimates for shares of Texas Instruments in a research report issued to clients and investors on Wednesday, July 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will post earnings per share of $4.82 for the year, down from their previous forecast of $5.15. Cantor Fitzgerald currently has a “Neutral” rating and a $210.00 target price on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $5.13 per share.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday. Citigroup raised their price objective on shares of Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Susquehanna upped their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Truist Financial raised their price target on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Down 0.0 %

TXN stock opened at $198.28 on Thursday. The business’s 50-day moving average price is $197.86 and its 200-day moving average price is $179.43. The stock has a market cap of $180.53 billion, a P/E ratio of 30.93, a PEG ratio of 4.30 and a beta of 0.99. 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 has a twelve month low of $139.48 and a twelve month high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.27% and a net margin of 33.01%. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 earnings per share.

Texas Instruments Announces Dividend

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

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

Large investors have recently made changes to their positions in the stock. Silver Oak Securities Incorporated bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $222,000. First National Advisers LLC raised its holdings in shares of Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after acquiring an additional 2,059 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares in the last quarter. Chicago Capital LLC raised its holdings in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 8,311 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.