Texas Instruments (NASDAQ:TXN) Posts Earnings Results, Beats Expectations By $0.09 EPS

Texas Instruments (NASDAQ:TXN) released its quarterly earnings data on Tuesday. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09, Yahoo Finance reports. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. Texas Instruments updated its Q4 guidance to $1.07-1.29 EPS and its Q4 2024 guidance to 1.070-1.290 EPS.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $4.87 on Thursday, reaching $206.61. The company’s stock had a trading volume of 9,308,036 shares, compared to its average volume of 5,499,970. The stock’s 50-day moving average is $203.43 and its two-hundred day moving average is $194.99. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock has a market capitalization of $188.11 billion, a P/E ratio of 32.23, a PEG ratio of 4.22 and a beta of 0.98.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 84.87%.

Analyst Ratings Changes

TXN has been the subject of a number of research reports. Barclays cut their price objective on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday. Robert W. Baird decreased their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.95.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. 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.