FY2024 EPS Estimates for Texas Instruments Incorporated (NASDAQ:TXN) Reduced by Analyst

Texas Instruments Incorporated (NASDAQ:TXN) – Stock analysts at Cantor Fitzgerald reduced their FY2024 EPS estimates for Texas Instruments in a research note issued on Wednesday, April 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will earn $5.15 per share for the year, down from their prior forecast of $5.45. Cantor Fitzgerald has a “Neutral” rating and a $180.00 price objective 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 reports. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore ISI upped their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Up 1.3 %

TXN stock opened at $177.48 on Thursday. The company’s 50 day moving average price is $169.29 and its 200 day moving average price is $162.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm has a market capitalization of $161.52 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’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 firm earned $1.85 earnings per share.

Texas Instruments Dividend Announcement

The company 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 $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity

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

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of TXN. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth $1,649,592,000. Morgan Stanley lifted its holdings in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System raised its position in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares in the last quarter. 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.