Texas Instruments (TXN) Updates Q2 Earnings Guidance

Texas Instruments (NASDAQ:TXN) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.19-1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.23. The company issued revenue guidance of $3.78-4.10 billion, compared to the consensus revenue estimate of $3.90 billion.

TXN traded up $3.92 during midday trading on Wednesday, reaching $102.34. 4,072,182 shares of the company’s stock were exchanged, compared to its average volume of 6,153,303. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. The stock has a market cap of $96,499.72, a P/E ratio of 23.67, a PEG ratio of 2.05 and a beta of 1.24. Texas Instruments has a 1-year low of $75.92 and a 1-year high of $120.75.

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Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. analysts forecast that Texas Instruments will post 4.99 EPS for the current fiscal year.



A number of equities analysts have recently weighed in on TXN shares. Royal Bank of Canada reissued an outperform rating and issued a $127.00 price objective (up previously from $112.00) on shares of Texas Instruments in a research report on Monday, January 22nd. UBS started coverage on shares of Texas Instruments in a research report on Wednesday, April 4th. They issued a sell rating and a $85.00 price objective for the company. Zacks Investment Research lowered shares of Texas Instruments from a buy rating to a hold rating in a research report on Monday, January 15th. Credit Suisse Group reissued an in-line rating and issued a $125.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research report on Tuesday, January 16th. Finally, Mizuho reissued a buy rating and issued a $107.00 price objective (up previously from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $110.38.

In other Texas Instruments news, insider Haren Julie Van sold 19,125 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $105.48, for a total transaction of $2,017,305.00. Following the completion of the sale, the insider now directly owns 29,578 shares in the company, valued at $3,119,887.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.84% of the stock is owned by insiders.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Earnings History and Estimates for Texas Instruments (NASDAQ:TXN)

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