Texas Instruments (NASDAQ:TXN) Releases Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN – Get Rating) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.84-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.32. The company issued revenue guidance of $4.2-4.8 billion, compared to the consensus revenue estimate of $4.96 billion.Texas Instruments also updated its Q2 2022 guidance to $1.840-$2.260 EPS.

NASDAQ TXN traded down $5.47 on Tuesday, reaching $168.44. 9,578,310 shares of the company’s stock traded hands, compared to its average volume of 6,198,455. Texas Instruments has a 12 month low of $161.04 and a 12 month high of $202.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.33 and a quick ratio of 4.58. The stock has a 50-day simple moving average of $174.92 and a 200 day simple moving average of $182.77. The stock has a market cap of $155.45 billion, a PE ratio of 20.39, a P/E/G ratio of 2.09 and a beta of 0.95.

Texas Instruments (NASDAQ:TXN – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.17. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business earned $1.87 earnings per share. As a group, analysts anticipate that Texas Instruments will post 9.09 EPS for the current year.

TXN has been the subject of a number of analyst reports. Truist Financial dropped their price objective on Texas Instruments from $195.00 to $189.00 and set a hold rating for the company in a research note on Friday, April 8th. Edward Jones lowered Texas Instruments from a buy rating to a hold rating in a research note on Friday, February 11th. Susquehanna Bancshares reissued a buy rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 26th. JPMorgan Chase & Co. raised their price target on Texas Instruments from $220.00 to $225.00 and gave the stock an overweight rating in a research note on Wednesday, January 26th. Finally, StockNews.com began coverage on Texas Instruments in a research note on Thursday, March 31st. They issued a buy rating for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $207.90.

In related news, Director Mark A. Blinn sold 4,095 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $170.54, for a total transaction of $698,361.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard K. Templeton sold 33,469 shares of the company’s stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $177.44, for a total value of $5,938,739.36. The disclosure for this sale can be found here. Insiders have sold a total of 39,601 shares of company stock valued at $6,987,383 in the last ninety days. Insiders own 0.54% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Monolith Advisors bought a new position in Texas Instruments in the 4th quarter worth approximately $55,000. Zullo Investment Group Inc. bought a new position in Texas Instruments in the 4th quarter worth approximately $144,000. First Community Trust NA bought a new position in Texas Instruments in the 4th quarter worth approximately $170,000. OLD Mission Capital LLC bought a new position in Texas Instruments in the 3rd quarter worth approximately $207,000. Finally, Bell Rock Capital LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $251,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Texas Instruments Company Profile (Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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