Q3 2024 Earnings Forecast for Texas Instruments Incorporated Issued By KeyCorp (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) – KeyCorp issued their Q3 2024 EPS estimates for Texas Instruments in a research note issued to investors on Monday, October 7th. KeyCorp analyst J. Vinh expects that the semiconductor company will post earnings of $1.37 per share for the quarter. KeyCorp has a “Overweight” rating and a $250.00 price objective 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.

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

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Barclays boosted their price objective on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $205.65.

Texas Instruments Price Performance

Shares of TXN opened at $205.11 on Thursday. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock has a fifty day moving average price of $201.58 and a 200 day moving average price of $192.99. The company has a market cap of $187.28 billion, a P/E ratio of 35.65, a PEG ratio of 4.46 and a beta of 0.98.

Texas Instruments Increases Dividend

The business also recently disclosed 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 90.28%.

Insider Buying and Selling

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last three months. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

A number of institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $31,000. Norwood Financial Corp bought a new stake in Texas Instruments in the first quarter worth $32,000. Finally, Fortis Group Advisors LLC increased its position in Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 84.99% 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. 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.