Texas Instruments (TXN) Set to Announce Earnings on Tuesday

Texas Instruments (NASDAQ:TXN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Texas Instruments to post earnings of $1.06 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business earned $2.13 EPS. Texas Instruments’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, analysts expect Texas Instruments to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Instruments Price Performance

TXN stock opened at $159.68 on Friday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The stock’s 50 day moving average is $168.10 and its two-hundred day moving average is $161.75. The company has a market capitalization of $145.32 billion, a PE ratio of 22.62, a P/E/G ratio of 3.52 and a beta of 1.04.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments in the 4th quarter worth $1,548,365,000. Moneta Group Investment Advisors LLC raised its stake in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after buying an additional 8,349,393 shares in the last quarter. Morgan Stanley raised its stake in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after buying an additional 1,779,273 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Texas Instruments by 28.2% in the 4th quarter. Legal & General Group Plc now owns 8,044,875 shares of the semiconductor company’s stock worth $1,371,329,000 after buying an additional 1,769,400 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Susquehanna decreased their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Truist Financial decreased their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $176.68.

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.