Q4 2024 EPS Estimates for Texas Instruments Incorporated Reduced by Zacks Research (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for Texas Instruments in a report issued on Tuesday, May 7th. Zacks Research analyst S. Mete now forecasts that the semiconductor company will post earnings per share of $1.36 for the quarter, down from their previous forecast of $1.38. The consensus estimate for Texas Instruments’ current full-year earnings is $5.21 per share.

TXN has been the topic of a number of other research reports. Truist Financial raised their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. TD Cowen boosted their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Mizuho boosted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

Shares of TXN opened at $185.32 on Thursday. The firm has a market cap of $168.73 billion, a PE ratio of 28.91, a P/E/G ratio of 3.81 and a beta of 1.01. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $171.80 and a two-hundred day simple moving average of $163.72.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the period. Franklin Resources Inc. boosted its stake in shares of Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after buying an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after acquiring an additional 315,302 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 328,969 shares of company stock worth $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 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.