Texas Instruments (NASDAQ:TXN – Get Rating) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.64-$1.90 for the period, compared to the consensus estimate of $1.87. The company issued revenue guidance of $4.170-$4.530 billion, compared to the consensus revenue estimate of $4.42 billion. Texas Instruments also updated its Q1 2023 guidance to $1.64-$1.90 EPS.
Texas Instruments Stock Up 0.5 %
TXN opened at $176.00 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The stock has a market capitalization of $159.73 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The business has a 50-day moving average of $172.95 and a two-hundred day moving average of $168.66. Texas Instruments has a 12 month low of $144.46 and a 12 month high of $191.34.
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Texas Instruments (NASDAQ:TXN – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.64 billion. Texas Instruments had a return on equity of 61.46% and a net margin of 43.68%. The company's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. On average, research analysts expect that Texas Instruments will post 7.91 earnings per share for the current year.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, January 30th. Texas Instruments's payout ratio is 52.77%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TXN. Cowen cut their target price on Texas Instruments from $170.00 to $160.00 in a research report on Wednesday, October 26th. Sanford C. Bernstein lowered their price target on Texas Instruments to $145.00 in a report on Thursday, October 27th. Truist Financial boosted their price target on Texas Instruments from $158.00 to $177.00 and gave the company a hold rating in a report on Monday. Morgan Stanley boosted their price target on Texas Instruments from $152.00 to $166.00 and gave the company an underweight rating in a report on Wednesday. Finally, Susquehanna Bancshares lowered their price target on Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of Hold and a consensus target price of $181.60.
Insiders Place Their Bets
In other news, VP Ahmad Bahai sold 1,109 shares of the company's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ahmad Bahai sold 1,109 shares of the company's stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares of the company's stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Texas Instruments
Hedge funds have recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new stake in shares of Texas Instruments during the first quarter valued at $56,000. Salem Investment Counselors Inc. lifted its holdings in shares of Texas Instruments by 16.8% during the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 60 shares during the last quarter. NBT Bank N A NY purchased a new stake in shares of Texas Instruments during the third quarter valued at $208,000. Golden State Equity Partners lifted its holdings in shares of Texas Instruments by 9.9% during the first quarter. Golden State Equity Partners now owns 1,198 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 108 shares during the last quarter. Finally, Dearborn Partners LLC lifted its holdings in shares of Texas Instruments by 8.6% during the third quarter. Dearborn Partners LLC now owns 1,622 shares of the semiconductor company's stock valued at $251,000 after purchasing an additional 129 shares during the last quarter. 83.12% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Company Profile
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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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