Cantor Fitzgerald Comments on Texas Instruments Incorporated’s FY2024 Earnings (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) – Cantor Fitzgerald reduced their FY2024 earnings per share estimates for shares of Texas Instruments in a note issued to investors on Wednesday, April 24th. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor company will earn $5.15 per share for the year, down from their prior estimate of $5.45. Cantor Fitzgerald has a “Neutral” rating and a $180.00 price target on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $5.16 per share.

A number of other analysts also recently commented on the company. Susquehanna upped their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Trading Up 0.3 %

Shares of TXN opened at $175.25 on Thursday. The stock has a fifty day moving average of $168.95 and a two-hundred day moving average of $162.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The company has a market capitalization of $159.49 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on 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 owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

About Texas Instruments

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.