Texas Instruments Incorporated (NASDAQ:TXN) Forecasted to Post Q3 2022 Earnings of $1.93 Per Share

Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) – Stock analysts at Jefferies Financial Group lowered their Q3 2022 earnings estimates for Texas Instruments in a research report issued on Wednesday, April 27th. Jefferies Financial Group analyst M. Lipacis now forecasts that the semiconductor company will post earnings per share of $1.93 for the quarter, down from their previous forecast of $2.40. Jefferies Financial Group has a “Buy” rating and a $203.00 price objective on the stock. Jefferies Financial Group also issued estimates for Texas Instruments’ FY2022 earnings at $8.27 EPS, Q3 2023 earnings at $2.36 EPS, Q4 2023 earnings at $2.20 EPS, FY2023 earnings at $8.44 EPS, FY2024 earnings at $9.19 EPS and FY2025 earnings at $10.23 EPS.

Texas Instruments (NASDAQ:TXN – Get Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 64.89% and a net margin of 43.34%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS.

TXN has been the topic of several other reports. Truist Financial cut their price target on Texas Instruments from $189.00 to $172.00 in a research report on Wednesday, April 27th. UBS Group dropped their target price on Texas Instruments from $180.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a research report on Saturday, January 29th. Susquehanna dropped their target price on Texas Instruments from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Finally, Evercore ISI dropped their target price on Texas Instruments from $210.00 to $190.00 and set an “in-line” rating on the stock in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $193.53.

Shares of TXN opened at $170.25 on Monday. The business’s 50-day moving average is $175.27 and its two-hundred day moving average is $182.32. The company has a market capitalization of $157.12 billion, a P/E ratio of 19.48, a P/E/G ratio of 2.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.58 and a current ratio of 5.54. Texas Instruments has a fifty-two week low of $160.50 and a fifty-two week high of $202.26.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, May 6th. Texas Instruments’s payout ratio is presently 52.63%.

In related news, Director Mark A. Blinn sold 4,095 shares of Texas Instruments 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amichai Ron sold 2,037 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. OLD Mission Capital LLC acquired a new position in shares of Texas Instruments during the third quarter worth $207,000. Advisor Group Holdings Inc. grew its stake in shares of Texas Instruments by 2.1% during the third quarter. Advisor Group Holdings Inc. now owns 187,567 shares of the semiconductor company’s stock worth $36,093,000 after purchasing an additional 3,785 shares in the last quarter. Budros Ruhlin & Roe Inc. grew its stake in shares of Texas Instruments by 2.9% during the third quarter. Budros Ruhlin & Roe Inc. now owns 10,030 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 278 shares in the last quarter. First National Trust Co grew its stake in shares of Texas Instruments by 0.7% during the third quarter. First National Trust Co now owns 43,557 shares of the semiconductor company’s stock worth $8,372,000 after purchasing an additional 314 shares in the last quarter. Finally, AIA Group Ltd grew its stake in shares of Texas Instruments by 24.5% during the third quarter. AIA Group Ltd now owns 127,568 shares of the semiconductor company’s stock worth $24,520,000 after purchasing an additional 25,126 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

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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