Texas Instruments (NASDAQ:TXN) announced its earnings results on Wednesday. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10, RTT News reports. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.21 billion. Texas Instruments had a net margin of 34.83% and a return on equity of 56.61%. Texas Instruments’s revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 earnings per share. Texas Instruments updated its Q1 2020
After-Hours guidance to 0.96-1.14 EPS and its Q1 guidance to $0.96-1.14 EPS.

Shares of TXN stock opened at $134.25 on Friday. The company’s fifty day simple moving average is $128.12 and its 200-day simple moving average is $124.31. Texas Instruments has a 52 week low of $97.80 and a 52 week high of $135.70. The company has a current ratio of 4.34, a quick ratio of 3.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $124.64 billion, a PE ratio of 25.67, a P/E/G ratio of 2.64 and a beta of 1.21.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.70%.

TXN has been the topic of a number of research analyst reports. Mizuho lifted their price target on shares of Texas Instruments from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group lifted their price target on shares of Texas Instruments from $110.00 to $117.00 and gave the company a “sell” rating in a report on Thursday. Goldman Sachs Group reiterated a “neutral” rating and issued a $111.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Texas Instruments from $119.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Citigroup lifted their price target on shares of Texas Instruments from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $127.41.

In related news, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments stock in a transaction on Friday, November 8th. The shares were sold at an average price of $119.51, for a total transaction of $643,322.33. Following the sale, the vice president now owns 41,839 shares of the company’s stock, valued at approximately $5,000,178.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ahmad Bahai sold 1,550 shares of Texas Instruments stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.99, for a total transaction of $182,884.50. Following the sale, the vice president now directly owns 25,354 shares in the company, valued at approximately $2,991,518.46. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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.

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Earnings History for Texas Instruments (NASDAQ:TXN)

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