Texas Instruments (TXN) to Release Earnings on Thursday

Texas Instruments (NASDAQ:TXN) is projected to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect Texas Instruments to post earnings of $1.20 per share and revenue of $3,872,054.12 billion for the quarter. Texas Instruments has set its Q4 guidance at $1.07-1.29 EPS and its Q4 2024 guidance at 1.070-1.290 EPS.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business posted $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $197.51 on Thursday. The business has a 50-day moving average of $196.30 and a 200 day moving average of $199.76. Texas Instruments has a 12 month low of $155.46 and a 12 month high of $220.38. The stock has a market capitalization of $180.17 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Analyst Ratings Changes

A number of brokerages recently commented on TXN. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays decreased their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna dropped their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Finally, Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $209.71.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 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.