Cantor Fitzgerald Has Optimistic View of TXN FY2024 Earnings

Texas Instruments Incorporated (NASDAQ:TXN) – Analysts at Cantor Fitzgerald upped their FY2024 earnings estimates for shares of Texas Instruments in a research report issued to clients and investors on Wednesday, October 23rd. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor company will post earnings per share of $4.94 for the year, up from their prior estimate of $4.82. Cantor Fitzgerald has a “Neutral” rating and a $200.00 price objective on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $5.11 per share.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year.

A number of other equities analysts have also weighed in on TXN. Truist Financial dropped their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America dropped their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Trading Up 2.4 %

Shares of TXN stock opened at $206.61 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock has a fifty day simple moving average of $203.43 and a two-hundred day simple moving average of $194.99. The firm has a market capitalization of $188.11 billion, a PE ratio of 32.23, a PEG ratio of 4.22 and a beta of 0.98. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of TXN. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments during the 3rd quarter valued at about $43,000. Kathleen S. Wright Associates Inc. purchased a new stake in Texas Instruments in the 1st quarter valued at about $44,000. Finally, Friedenthal Financial bought a new position in Texas Instruments in the 2nd quarter worth about $50,000. 84.99% of the stock is owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. Company insiders own 0.68% of the company’s stock.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

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.