Texas Instruments Incorporated (NASDAQ:TXN) to Post Q3 2024 Earnings of $1.37 Per Share, KeyCorp Forecasts

Texas Instruments Incorporated (NASDAQ:TXN) – KeyCorp issued their Q3 2024 earnings estimates for Texas Instruments in a research note issued to investors on Monday, October 7th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will earn $1.37 per share for the quarter. KeyCorp has a “Overweight” rating and a $250.00 price target on the stock. The consensus estimate for Texas Instruments’ current full-year earnings is $5.11 per share. KeyCorp also issued estimates for Texas Instruments’ Q4 2024 earnings at $1.28 EPS and FY2024 earnings at $5.05 EPS.

Several other analysts also recently commented on TXN. Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Finally, Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $205.65.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $202.47 on Thursday. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $184.35 billion, a PE ratio of 31.98, a PEG ratio of 4.41 and a beta of 0.98. The stock’s fifty day simple moving average is $201.40 and its 200 day simple moving average is $192.92.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 earnings per share.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 84.87%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. 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 accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last quarter. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently modified their holdings of TXN. MGO One Seven LLC grew its holdings in shares of Texas Instruments by 5.5% during the 4th quarter. MGO One Seven LLC now owns 10,805 shares of the semiconductor company’s stock worth $1,842,000 after purchasing an additional 568 shares in the last quarter. First Financial Bankshares Inc acquired a new position in Texas Instruments during the fourth quarter valued at approximately $425,000. Redwood Investment Management LLC lifted its stake in Texas Instruments by 2.3% during the fourth quarter. Redwood Investment Management LLC now owns 14,038 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 320 shares during the last quarter. Vivaldi Capital Management LP acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $217,000. Finally, Mairs & Power Inc. boosted its holdings in shares of Texas Instruments by 31.7% in the 4th quarter. Mairs & Power Inc. now owns 184,568 shares of the semiconductor company’s stock valued at $31,461,000 after purchasing an additional 44,452 shares in the last quarter. 84.99% of the stock is currently 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.