Texas Instruments (NASDAQ:TXN) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Texas Instruments (NASDAQ:TXNGet Rating) released its earnings results on Tuesday. The semiconductor company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.96 by $0.17, RTT News reports. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the business earned $2.27 EPS. The business’s revenue was down 3.4% on a year-over-year basis. Texas Instruments updated its Q1 2023 guidance to $1.64-$1.90 EPS and its Q1 guidance to $1.64-$1.90 EPS.

Texas Instruments Trading Down 2.4 %

TXN stock traded down $4.28 during midday trading on Wednesday, reaching $172.76. 811,300 shares of the company’s stock traded hands, compared to its average volume of 5,397,725. The company has a market capitalization of $156.79 billion, a P/E ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. Texas Instruments has a fifty-two week low of $144.46 and a fifty-two week high of $191.34. The business has a 50-day moving average price of $172.92 and a two-hundred day moving average price of $168.62.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be given a $1.24 dividend. The ex-dividend date is Monday, January 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.87%. Texas Instruments’s dividend payout ratio is presently 51.99%.

Insider Buying and Selling at Texas Instruments

In related news, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 9,990 shares of Texas Instruments stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. increased its stake in Texas Instruments by 16.8% during the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 60 shares during the last quarter. International Assets Investment Management LLC increased its stake in Texas Instruments by 2.8% during the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 61 shares during the last quarter. Polar Capital Holdings Plc increased its stake in Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock valued at $1,802,000 after purchasing an additional 63 shares during the last quarter. Centaurus Financial Inc. increased its stake in Texas Instruments by 2.9% during the first quarter. Centaurus Financial Inc. now owns 2,361 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 66 shares during the last quarter. Finally, qPULA Trading Management LP increased its stake in Texas Instruments by 4.6% during the first quarter. qPULA Trading Management LP now owns 2,174 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 83.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TXN shares. Credit Suisse Group cut shares of Texas Instruments from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, November 16th. StockNews.com downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. The Goldman Sachs Group cut their price target on shares of Texas Instruments to $153.00 in a report on Thursday, October 27th. Cowen cut their price target on shares of Texas Instruments from $170.00 to $160.00 in a report on Wednesday, October 26th. Finally, UBS Group increased their price target on shares of Texas Instruments from $165.00 to $190.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $179.63.

About Texas Instruments

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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