Texas Instruments (NASDAQ:TXN) Releases 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 (EPS) guidance of 1.050-1.250 for the period, compared to the consensus 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

TXN opened at $175.25 on Friday. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. The business has a 50 day moving average of $168.95 and a 200-day moving average of $162.08. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company 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 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. On average, equities research analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and lifted their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a report on Wednesday. Rosenblatt Securities reissued a buy rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Finally, KeyCorp raised their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a report on Wednesday, January 24th. 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 stock. According to MarketBeat, Texas Instruments presently has a consensus rating of Hold and a consensus target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.