Equities Analysts Issue Forecasts for Texas Instruments Incorporated's FY2024 Earnings (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN - Free Report) - Research analysts at Cantor Fitzgerald decreased their FY2024 EPS estimates for shares of Texas Instruments in a research note issued on Wednesday, April 24th. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor company will post earnings of $5.15 per share for the year, down from their prior estimate of $5.45. Cantor Fitzgerald currently 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.

TXN has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the company a "hold" rating in a research report on Wednesday. Truist Financial upped their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday. Evercore ISI lifted their target price on Texas Instruments from $213.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday. KeyCorp increased their price target on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 24th. Finally, Susquehanna lifted their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $180.74.

Texas Instruments Price Performance

NASDAQ:TXN traded up $0.44 during trading hours on Thursday, reaching $175.25. The stock had a trading volume of 9,127,515 shares, compared to its average volume of 5,711,318. 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 stock has a market capitalization of $159.49 billion, a PE ratio of 27.28, a PEG ratio of 3.56 and a beta of 1.04. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a 50 day moving average price of $168.66 and a two-hundred day moving average price of $161.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business 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%. The firm's revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS.

Texas Instruments Announces Dividend

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

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC raised its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

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.