Texas Instruments (NASDAQ:TXN) Issues Q3 Earnings Guidance

Texas Instruments (NASDAQ:TXN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.24-1.48 for the period, compared to the consensus estimate of $1.37. The company issued revenue guidance of $3.94-4.26 billion, compared to the consensus revenue estimate of $4.12 billion. Texas Instruments also updated its Q3 2024 guidance to 1.240-1.480 EPS.

Texas Instruments Trading Up 0.3 %

Shares of Texas Instruments stock traded up $0.62 on Thursday, reaching $198.90. The company had a trading volume of 5,033,737 shares, compared to its average volume of 5,479,281. The firm’s 50 day moving average price is $197.86 and its two-hundred day moving average price is $179.43. The firm has a market cap of $181.09 billion, a PE ratio of 30.93, a PEG ratio of 4.30 and a beta of 0.99. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $210.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.27%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

Several research firms recently commented on TXN. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a positive rating in a report on Wednesday, July 17th. Benchmark reiterated a buy rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday. Evercore ISI increased their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a sell rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $198.64.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 over the last 90 days. 0.68% of the stock is currently 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.