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

Texas Instruments (NASDAQ:TXN) released its earnings results on Tuesday. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13, RTT News reports. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company earned $1.85 EPS. Texas Instruments’s revenue for the quarter 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 Trading Up 6.3 %

Shares of Texas Instruments stock traded up $10.38 during mid-day trading on Wednesday, hitting $175.85. The stock had a trading volume of 4,361,917 shares, compared to its average volume of 5,537,631. The firm has a 50-day moving average of $168.32 and a two-hundred day moving average of $161.90. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm has a market cap of $160.03 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday. Susquehanna boosted their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, Mizuho boosted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.79.

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.