Texas Instruments (NASDAQ:TXN) Releases Q2 2024 Earnings Guidance

Texas Instruments (NASDAQ:TXN) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.050-1.250 for the period, compared to the consensus earnings per share estimate of 1.160. The company issued revenue guidance of $3.7 billion-$4.0 billion, compared to the consensus revenue estimate of $3.8 billion. Texas Instruments also updated its Q2 guidance to $1.05-1.25 EPS.

Analyst Ratings Changes

Several equities research analysts have weighed in on TXN shares. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and increased their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Evercore ISI initiated coverage on Texas Instruments in a research note on Tuesday, April 16th. They set an outperform rating and a $213.00 target price on the stock. Morgan Stanley boosted their target price 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. Truist Financial decreased their target price on Texas Instruments from $166.00 to $165.00 and set a hold rating for the company in a research report on Friday, February 9th. Finally, Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of Hold and an average price target of $177.47.

Texas Instruments Trading Up 1.2 %

Shares of TXN opened at $165.47 on Wednesday. The firm has a market capitalization of $150.59 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.52 and a beta of 1.04. The company has a 50-day moving average of $168.32 and a 200 day moving average of $161.90. Texas Instruments has a 1-year low of $139.48 and a 1-year 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.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 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 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. On average, research analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The stock was 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 directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company 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.