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

Texas Instruments (NASDAQ:TXN) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. 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.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $175.25 on Friday. The firm’s fifty day moving average price is $168.95 and its 200 day moving average price is $162.08. 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 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The firm has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. On average, sell-side analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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 research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an overweight rating in a research note on Wednesday. Truist Financial lifted their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research note on Wednesday. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday. Finally, Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $180.74.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction 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 sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

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.