Texas Instruments (NASDAQ:TXN) Releases Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.05-1.25 for the period, compared to the consensus estimate of $1.15. The company issued revenue guidance of $3.65-3.95 billion, compared to the consensus revenue estimate of $3.74 billion. Texas Instruments also updated its Q2 2024 guidance to 1.050-1.250 EPS.

Texas Instruments Stock Performance

NASDAQ TXN traded up $0.44 on Thursday, reaching $175.25. The stock had a trading volume of 9,129,091 shares, compared to its average volume of 5,711,318. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The business’s 50-day moving average price is $168.95 and its 200 day moving average price is $162.08. The stock has a market cap of $159.49 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, equities analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.97%. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. The Goldman Sachs Group upped their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a report on Wednesday. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the company a neutral rating in a report on Thursday. UBS Group raised Texas Instruments from a neutral rating to a buy rating and upped their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the 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 completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.68% of the company’s stock.

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.