Texas Instruments (NASDAQ:TXN) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Texas Instruments (NASDAQ:TXNGet Rating) announced its quarterly earnings data on Tuesday. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.17, RTT News reports. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the previous year, the company earned $2.27 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Texas Instruments updated its Q1 2023 guidance to $1.64-$1.90 EPS and its Q1 guidance to $1.64-$1.90 EPS.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $4.36 during midday trading on Wednesday, reaching $172.68. The stock had a trading volume of 1,575,839 shares, compared to its average volume of 5,445,509. Texas Instruments has a 1-year low of $144.46 and a 1-year high of $191.34. The firm’s fifty day simple moving average is $172.92 and its 200-day simple moving average is $168.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The stock has a market capitalization of $156.72 billion, a P/E ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be paid a $1.24 dividend. The ex-dividend date is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.87%. Texas Instruments’s payout ratio is presently 51.99%.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the sale, the vice president now owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after purchasing an additional 1,779,273 shares during the period. National Pension Service lifted its stake in Texas Instruments by 2.2% in the third quarter. National Pension Service now owns 1,354,636 shares of the semiconductor company’s stock valued at $214,642,000 after buying an additional 29,328 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 buying an additional 243,907 shares in the last quarter. Avalon Investment & Advisory lifted its stake in Texas Instruments by 3.7% in the first quarter. Avalon Investment & Advisory now owns 447,752 shares of the semiconductor company’s stock valued at $82,153,000 after buying an additional 15,916 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Texas Instruments by 9.9% in the first quarter. Mariner LLC now owns 370,543 shares of the semiconductor company’s stock worth $67,987,000 after purchasing an additional 33,260 shares in the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXN. Susquehanna boosted their price objective on shares of Texas Instruments from $195.00 to $205.00 in a report on Wednesday. Benchmark boosted their price objective on shares of Texas Instruments from $189.00 to $203.00 in a research report on Wednesday. Truist Financial upped their target price on shares of Texas Instruments from $158.00 to $177.00 and gave the stock a “hold” rating in a research report on Monday. Citigroup upped their target price on shares of Texas Instruments from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 18th. Finally, StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $179.63.

Texas Instruments Company Profile

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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