Q4 2023 EPS Estimates for Texas Instruments Incorporated Lowered by Jefferies Financial Group (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) – Equities research analysts at Jefferies Financial Group dropped their Q4 2023 earnings per share (EPS) estimates for shares of Texas Instruments in a research note issued on Wednesday, July 27th. Jefferies Financial Group analyst M. Lipacis now anticipates that the semiconductor company will post earnings per share of $2.18 for the quarter, down from their previous estimate of $2.20. Jefferies Financial Group currently has a “Buy” rating and a $203.00 price objective on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $8.71 per share. Jefferies Financial Group also issued estimates for Texas Instruments’ FY2024 earnings at $9.17 EPS and FY2025 earnings at $9.95 EPS.

Texas Instruments (NASDAQ:TXNGet Rating) last released its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.17 by $0.18. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $1.87 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year.

Several other analysts have also recently issued reports on the company. UBS Group cut their price objective on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday. Bank of America lowered Texas Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $190.00 to $175.00 in a research note on Wednesday, June 29th. DZ Bank lowered Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Tuesday, July 5th. Truist Financial cut their target price on Texas Instruments from $189.00 to $172.00 in a report on Wednesday, April 27th. Finally, Citigroup raised their price target on Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.43.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $175.75 on Thursday. Texas Instruments has a 1-year low of $144.46 and a 1-year high of $202.26. The business has a 50-day moving average of $161.08 and a 200-day moving average of $169.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73. The company has a market capitalization of $162.07 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.01 and a beta of 0.98.

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently modified their holdings of the business. Vigilare Wealth Management raised its position in shares of Texas Instruments by 1.7% during the first quarter. Vigilare Wealth Management now owns 3,538 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 59 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in shares of Texas Instruments by 9.8% in the first quarter. Atticus Wealth Management LLC now owns 662 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 59 shares in the last quarter. Mitchell Sinkler & Starr PA grew its holdings in shares of Texas Instruments by 1.4% in the first quarter. Mitchell Sinkler & Starr PA now owns 4,335 shares of the semiconductor company’s stock valued at $795,000 after purchasing an additional 59 shares in the last quarter. Uncommon Cents Investing LLC boosted its stake in Texas Instruments by 1.8% during the first quarter. Uncommon Cents Investing LLC now owns 3,310 shares of the semiconductor company’s stock worth $607,000 after buying an additional 60 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake in Texas Instruments by 8.5% during the first quarter. Newbridge Financial Services Group Inc. now owns 763 shares of the semiconductor company’s stock worth $140,000 after buying an additional 60 shares during the period. 83.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert E. Sanchez sold 12,299 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Hagop H. Kozanian sold 5,904 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $170.23, for a total transaction of $1,005,037.92. Following the completion of the sale, the vice president now directly owns 44,885 shares in the company, valued at approximately $7,640,773.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Monday, August 1st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, July 29th. Texas Instruments’s dividend payout ratio is 52.63%.

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.

See Also

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

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