Texas Instruments

Texas Instruments (TXN) shares were up more than 4% in recent Friday trading after UBS upgraded the company’s rating to buy from neutral and raised its price target to $195 from $170. Trading volume was about 6.1 million shares against a daily average of around 5.7 million shares.

Texas Instruments (NASDAQ:TXN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -2.36% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -6.02% Truist Securities $150 → $154 Maintains Hold 11/15/2023 28.15% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -2.36% B of A Securities → $160 Maintains Neutral 10/25/2023 -2.36% Stifel $180 → $160 Maintains Hold 10/25/2023 19% BMO Capital → $195 Maintains Outperform 10/25/2023 -20.67% Baird $180 → $130 Maintains Neutral 10/25/2023 -13.35% Citigroup $182 → $142 Maintains Neutral 10/25/2023 3.74% JP Morgan $200 → $170 Maintains Overweight 10/25/2023 -8.46% Truist Securities $165 → $150 Maintains Hold 10/25/2023 -2.36% Mizuho $181 → $160 Maintains Neutral 10/25/2023 9.84% Susquehanna $185 → $180 Maintains Positive 10/25/2023 0.69% Barclays $175 → $165 Maintains Equal-Weight 10/25/2023 28.15% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -16.4% Goldman Sachs $157 → $137 Maintains Sell 10/25/2023 -15.79% Morgan

Barclays analyst Tom O’Malley maintains Texas Instruments (NASDAQ:TXN) with a Equal-Weight and lowers the price target from $165 to $160.

Goldman Sachs analyst Toshiya Hari maintains Texas Instruments (NASDAQ:TXN) with a Sell and lowers the price target from $157 to $137.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price to $157 from $185, on lower revised P/E of 20x our ’25 EPS view, which we start at $7.83, near peers but below its five-year historical forward average of 23.2x. We reduce our ’23 EPS estimate to $7.04 from $7.53 and ’24 to $7.05 from $8.01. TXN posts Q3 EPS of $1.85 vs. $2.56, beating the $1.84 consensus. Sales fell 14% (flat sequentially) as softness broadened across industrial customers while automotive was resilient. We are wary of elevated inventories (DIOs fell by 2 days to 205 seq.) as well as aggressive capex spend ($5B annual spend through ’27), which is hurting near-term profitability and FCF (9% FCF yield LTM vs. 29% a year ago). We note TXN will start seeing gov’t

Texas Instruments Sees 4Q EPS $1.35-EPS $1.57。

TI reports third quarter 2023 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today PR Newswire DALLAS, Oct. 24, 2023 DALLAS, Oct. 24, 2023  — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $4.53 billion, net income of $1.71 billion and earnings per share of $1.85. Earnings per share included a 5-cent benefit for items that were not in the company’s original guidance. Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s president and CEO, made the following comments: — “Revenue was flat sequentially and decreased 14% from the same quarter a year ago. During the quarter, automotive growth continued and industrial weakness broadened. — “Our cash flow from operations of $6.5 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300-mm

Texas Instruments Incorporated (TI) (NASDAQ:TXN) today said it will raise its quarterly cash dividend 5%, from $1.24 per share to $1.30, or $5.20 annualized. The higher dividend will be payable November 14, 2023, to stockholders of record on October 31, 2023, contingent upon formal declaration by the board of directors at its regular meeting in October.