Texas Instruments (NASDAQ:TXN) Announces Quarterly Earnings Results

Texas Instruments (NASDAQ:TXNGet Free Report) announced its quarterly earnings data on Tuesday. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13, RTT News reports. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company earned $1.85 earnings per share. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Texas Instruments updated its Q2 guidance to $1.05-1.25 EPS and its Q2 2024 guidance to 1.050-1.250 EPS.

Texas Instruments Trading Up 6.0 %

Shares of NASDAQ TXN traded up $9.85 during trading hours on Wednesday, hitting $175.32. The company’s stock had a trading volume of 2,595,105 shares, compared to its average volume of 5,521,084. The business has a 50-day simple moving average of $168.32 and a 200-day simple moving average of $161.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The stock has a market cap of $159.55 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.52 and a beta of 1.04. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TXN. TD Cowen raised their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. Truist Financial lifted their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Morgan Stanley lifted their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $178.79.

Read Our Latest Analysis on TXN

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred 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 sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

About Texas Instruments

(Get Free Report)

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.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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