Texas Instruments (NASDAQ:TXN) Issues Q2 2024 Earnings Guidance

Texas Instruments (NASDAQ:TXN) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.050-1.250 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXN. Rosenblatt Securities reissued a buy rating and set a $190.00 price target on shares of Texas Instruments in a report on Tuesday, January 23rd. Truist Financial lowered their price target on Texas Instruments from $166.00 to $165.00 and set a hold rating on the stock in a report on Friday, February 9th. Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Morgan Stanley lifted 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, UBS Group raised Texas Instruments from a neutral rating to a buy rating and lifted their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $176.68.

Texas Instruments Stock Up 1.2 %

NASDAQ TXN traded up $2.04 during trading on Tuesday, reaching $165.47. 6,796,507 shares of the company’s stock were exchanged, compared to its average volume of 5,560,620. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm has a market capitalization of $150.59 billion, a PE ratio of 23.44, a P/E/G ratio of 3.44 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $168.15 and its 200-day simple moving average is $161.84.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 EPS. Sell-side analysts predict that Texas Instruments will post 5.16 EPS for the current year.

Insider Activity

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 transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

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.