KeyCorp Research Analysts Decrease Earnings Estimates for Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) – Equities research analysts at KeyCorp lowered their Q2 2022 earnings estimates for Texas Instruments in a research report issued to clients and investors on Tuesday, April 26th. KeyCorp analyst J. Vinh now expects that the semiconductor company will earn $2.05 per share for the quarter, down from their prior forecast of $2.38. KeyCorp has a “Overweight” rating and a $220.00 price objective on the stock. KeyCorp also issued estimates for Texas Instruments’ Q3 2022 earnings at $2.24 EPS, Q4 2022 earnings at $2.17 EPS, FY2022 earnings at $8.81 EPS, Q2 2023 earnings at $2.22 EPS, Q3 2023 earnings at $2.33 EPS and FY2023 earnings at $8.87 EPS.

Several other research firms also recently weighed in on TXN. Deutsche Bank Aktiengesellschaft upped their price target on Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, January 26th. Stifel Nicolaus dropped their price target on Texas Instruments from $180.00 to $170.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upped 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. Raymond James downgraded Texas Instruments from an “outperform” rating to a “market perform” rating in a research note on Monday, February 14th. Finally, Susquehanna dropped their price target on Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $193.53.

Texas Instruments stock opened at $175.85 on Friday. Texas Instruments has a 12-month low of $160.50 and a 12-month high of $202.26. The company has a current ratio of 5.33, a quick ratio of 4.58 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $162.29 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.09 and a beta of 0.95. The firm has a 50 day moving average of $175.20 and a 200 day moving average of $182.56.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. OLD Mission Capital LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $207,000. Herold Advisors Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $51,000. Financial Advocates Investment Management raised its holdings in shares of Texas Instruments by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 4,864 shares of the semiconductor company’s stock valued at $935,000 after buying an additional 337 shares during the period. Hancock Whitney Corp raised its holdings in shares of Texas Instruments by 0.7% in the 3rd quarter. Hancock Whitney Corp now owns 20,092 shares of the semiconductor company’s stock valued at $3,862,000 after buying an additional 147 shares during the period. Finally, Chilton Capital Management LLC raised its holdings in shares of Texas Instruments by 32.1% in the 3rd quarter. Chilton Capital Management LLC now owns 2,490 shares of the semiconductor company’s stock valued at $479,000 after buying an additional 605 shares during the period. 82.99% of the stock is currently owned by institutional investors.

In other news, VP Amichai Ron sold 2,037 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 4,095 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $170.54, for a total value of $698,361.30. The disclosure for this sale can be found here. Insiders have sold 39,601 shares of company stock valued at $6,987,383 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Monday, May 9th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.62%. Texas Instruments’s dividend payout ratio is presently 55.69%.

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.

See Also

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

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