Q1 2023 EPS Estimates for Texas Instruments Incorporated Reduced by KeyCorp (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) – Investment analysts at KeyCorp reduced their Q1 2023 earnings per share estimates for shares of Texas Instruments in a report released on Tuesday, April 26th. KeyCorp analyst J. Vinh now expects that the semiconductor company will post earnings per share of $2.09 for the quarter, down from their prior estimate of $2.35. KeyCorp currently has a “Overweight” rating and a $220.00 price objective on the stock. KeyCorp also issued estimates for Texas Instruments’ Q4 2023 earnings at $2.24 EPS.

TXN has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, January 26th. StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James cut shares of Texas Instruments from an “outperform” rating to a “market perform” rating in a report on Monday, February 14th. Susquehanna Bancshares lowered their target price on shares of Texas Instruments from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Texas Instruments from $198.00 to $181.00 and set an “underweight” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $196.05.

Texas Instruments stock opened at $169.39 on Thursday. The firm has a fifty day moving average of $175.01 and a 200-day moving average of $182.68. The firm has a market capitalization of $156.33 billion, a P/E ratio of 20.51, a PEG ratio of 2.09 and a beta of 0.95. Texas Instruments has a 52-week low of $160.50 and a 52-week high of $202.26. The company has a quick ratio of 4.58, a current ratio of 5.33 and a debt-to-equity ratio of 0.54.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.17. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm posted $1.87 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the business. Mizuho Securities Co. Ltd. increased its position in Texas Instruments by 280.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Texas Instruments in the fourth quarter worth about $26,000. Moors & Cabot Inc. boosted its stake in shares of Texas Instruments by 262.9% in the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 18,111 shares during the period. Stuart Chaussee & Associates Inc. boosted its stake in shares of Texas Instruments by 81.7% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

In other news, VP Amichai Ron sold 2,037 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $171.96, for a total value of $350,282.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard K. Templeton sold 33,469 shares of Texas Instruments 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 sold a total of 39,601 shares of company stock valued at $6,987,383 over the last three months. 0.54% of the stock is currently owned by insiders.

About Texas Instruments (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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Earnings History and Estimates for Texas Instruments (NASDAQ:TXN)

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