Texas Instruments (TXN) to Release Quarterly Earnings on Tuesday

Texas Instruments (NASDAQ:TXN) will release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Texas Instruments to post earnings of $1.06 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Instruments Trading Up 0.0 %

Shares of TXN stock opened at $166.35 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market capitalization of $151.39 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. The company has a 50 day moving average price of $167.76 and a 200 day moving average price of $161.62.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a report on Tuesday, January 23rd. KeyCorp upped their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Barclays reduced their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna cut their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.42.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently added to or reduced their stakes in TXN. Fairfield Bush & CO. purchased a new position in Texas Instruments in the 1st quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after purchasing an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after purchasing an additional 413 shares in the last quarter. Wsfs Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter valued at about $337,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Texas Instruments during the 1st quarter worth about $315,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.