Texas Instruments Incorporated (NASDAQ:TXN – Free Report) – Research analysts at KeyCorp lowered their Q3 2023 EPS estimates for shares of Texas Instruments in a report released on Monday, July 10th. KeyCorp analyst J. Vinh now expects that the semiconductor company will post earnings per share of $1.85 for the quarter, down from their prior forecast of $1.97. The consensus estimate for Texas Instruments’ current full-year earnings is $7.48 per share. KeyCorp also issued estimates for Texas Instruments’ Q4 2023 earnings at $1.87 EPS, FY2023 earnings at $7.33 EPS, Q1 2024 earnings at $1.78 EPS, Q2 2024 earnings at $1.82 EPS, Q3 2024 earnings at $2.03 EPS, Q4 2024 earnings at $2.07 EPS and FY2024 earnings at $7.70 EPS.
TXN has been the topic of a number of other reports. Bank of America lowered their target price on shares of Texas Instruments from $205.00 to $195.00 in a research report on Wednesday, April 26th. Truist Financial dropped their price objective on shares of Texas Instruments from $180.00 to $178.00 in a research note on Wednesday, April 26th. Oppenheimer increased their target price on shares of Texas Instruments from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Citigroup dropped their price target on Texas Instruments from $175.00 to $173.00 in a research report on Wednesday, April 26th. Finally, StockNews.com downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $181.05.
Texas Instruments Trading Up 2.0 %
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Texas Instruments had a return on equity of 56.40% and a net margin of 42.33%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.36 billion.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Monday, May 8th were issued a dividend of $1.24 per share. The ex-dividend date was Friday, May 5th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.72%. Texas Instruments’s dividend payout ratio (DPR) is presently 55.73%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new position in Texas Instruments during the first quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after acquiring an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Texas Instruments by 7.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after acquiring an additional 413 shares during the period. Wsfs Capital Management LLC acquired a new stake in Texas Instruments during the first quarter worth about $337,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Texas Instruments in the 1st quarter worth about $315,000. Hedge funds and other institutional investors own 84.43% 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. It operates in two segments, Analog and Embedded Processing. 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.
Featured Stories
- Five stocks we like better than Texas Instruments
- Contrarian Play: Beyond Meat Is At An Inflection Point
- Alibaba Just Flashed Green, Very Green
- This Small Cap Stock Surged Over 100%
- The CPI Data Isn’t As Good As You Think It Is
- How to Invest in Gold and Silver
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
