Brokers Issue Forecasts for Texas Instruments Incorporated’s Q1 2024 Earnings (NASDAQ:TXN)
Texas Instruments Incorporated (NASDAQ:TXN – Free Report) – Stock analysts at Zacks Research dropped their Q1 2024 earnings per share estimates for Texas Instruments in a research report issued on Wednesday, March 6th. Zacks Research analyst S. Mete now anticipates that the semiconductor company will post earnings per share of $1.04 for the quarter, down from their previous forecast of $1.09. The consensus estimate for Texas Instruments’ current full-year earnings is $5.17 per share. Zacks Research also issued estimates for Texas Instruments’ Q2 2024 earnings at $1.16 EPS, Q3 2024 earnings at $1.32 EPS, Q4 2024 earnings at $1.38 EPS, FY2024 earnings at $4.91 EPS, Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.79 EPS, FY2025 earnings at $5.79 EPS and FY2026 earnings at $7.10 EPS.
Several other equities analysts also recently issued reports on the stock. Truist Financial cut their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Mizuho decreased their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. UBS Group upgraded 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 report on Friday, January 19th. Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $173.89.
Read Our Latest Stock Report on Texas Instruments
Texas Instruments Stock Down 1.7 %
Shares of NASDAQ TXN opened at $172.30 on Friday. The business has a fifty day moving average of $165.31 and a two-hundred day moving average of $160.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The stock has a market cap of $156.67 billion, a PE ratio of 24.41, a PEG ratio of 3.69 and a beta of 1.04.
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors raised its position in shares of Texas Instruments by 171.4% during the second quarter. Capital Research Global Investors now owns 17,061,878 shares of the semiconductor company’s stock worth $3,071,479,000 after purchasing an additional 10,775,119 shares during the period. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth approximately $1,649,592,000. Moneta Group Investment Advisors LLC lifted its stake in Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after buying an additional 8,349,393 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.
Insider Transactions at Texas Instruments
In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 73.65%.
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.
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