Texas Instruments (NASDAQ:TXN) Updates 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 guidance of $1.24-1.48 for the period, compared to the consensus earnings per share 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 Price Performance

NASDAQ:TXN traded up $4.04 during trading hours on Friday, reaching $201.19. The stock had a trading volume of 548,349 shares, compared to its average volume of 5,476,419. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a 50 day moving average price of $197.90 and a two-hundred day moving average price of $179.55. The stock has a market capitalization of $183.18 billion, a PE ratio of 30.76, a PEG ratio of 4.29 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. 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 earned $1.87 EPS. The company’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an overweight rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a sell rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research report on Thursday, July 18th. Wells Fargo & Company assumed coverage on Texas Instruments in a research report on Thursday, May 16th. They set an underweight rating and a $150.00 target price on the stock. Finally, Benchmark reaffirmed a buy rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $198.64.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. 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 quarter. 0.68% of the stock is currently owned by 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.