Texas Instruments

TI reports first quarter 2024 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today PR Newswire DALLAS, April 23, 2024 DALLAS, April 23, 2024 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported first quarter revenue of $3.66 billion, net income of $1.11 billion and earnings per share of $1.20. Earnings per share included a 10-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 decreased 16% from the same quarter a year ago and 10% sequentially, as revenue declined across all end markets. — “Our cash flow from operations of $6.3 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash […]

Texas Instruments (TXN) is expected to post in-line Q1 results and Q2 guidance amid mixed demand signals, Oppenheimer said in a note e-mailed Friday. The semiconductor maker is scheduled to report Q1 results Tuesday. Oppenheimer projects earnings at $1.06 per share, while sales are expected to drop 18% year-over-year to $3.60 billion. “Led by a seasoned [management] team, TXN looks well-positioned for long-term analog competitiveness in core auto/industrial end-markets,” Oppenheimer analysts Rick Schafer, Wei Mok and Dustin Fowler said. “We see [gross margin] remaining under pressure from a combination of underutilization, increased depreciation, and aggressive pricing in China.”

Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/12/2024 4.76% Cantor Fitzgerald → $170 Reiterates Neutral → Neutral 02/09/2024 1.68% Truist Securities $166 → $165 Maintains Hold 02/02/2024 2.29% Truist Securities $168 → $166 Maintains Hold 02/02/2024 4.76% Cantor Fitzgerald → $170 Reiterates Neutral → Neutral 01/24/2024 -7.57% Barclays $160 → $150 Maintains Equal-Weight 01/24/2024 -10.03% Morgan Stanley $138 → $146 Maintains Underweight 01/24/2024 23.24% Susquehanna $205 → $200 Maintains Positive 01/24/2024 1.06% Mizuho $170 → $164 Maintains Neutral 01/24/2024 4.76% Cantor Fitzgerald $180 → $170 Maintains Neutral 01/24/2024 3.52% Truist Securities $169 → $168 Maintains Hold 01/24/2024 23.24% Keybanc $180 → $200 Maintains Overweight 01/23/2024 17.08% Rosenblatt → $190 Reiterates Buy → Buy 01/23/2024 10.92% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 20.16% UBS $170 → $195 Upgrades Neutral → Buy 01/16/2024 -1.4% Barclays $165

Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 7.23% Cantor Fitzgerald → $170 Reiterates Neutral → Neutral 01/24/2024 -5.38% Barclays $160 → $150 Maintains Equal-Weight 01/24/2024 -7.91% Morgan Stanley $138 → $146 Maintains Underweight 01/24/2024 26.16% Susquehanna $205 → $200 Maintains Positive 01/24/2024 3.45% Mizuho $170 → $164 Maintains Neutral 01/24/2024 7.23% Cantor Fitzgerald $180 → $170 Maintains Neutral 01/24/2024 5.97% Truist Securities $169 → $168 Maintains Hold 01/24/2024 26.16% Keybanc $180 → $200 Maintains Overweight 01/23/2024 19.85% Rosenblatt → $190 Reiterates Buy → Buy 01/23/2024 13.54% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 23% UBS $170 → $195 Upgrades Neutral → Buy 01/16/2024 0.92% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -2.86% Truist Securities $150 → $154 Maintains Hold 11/15/2023 32.46% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 0.92% B of A Securities

Texas Instruments (TXN) is seeing weakness compared with its peers, despite a tactically bullish view for mean reversion, Morgan Stanley said in a note Wednesday. The company attributed this weakness partly to its approach to non-cancellable orders, the brokerage firm said, adding that while there is some truth to that, there were bigger contributing factors. Texas Instruments faced significant challenges due to “extreme” shortages in less strategic personal electronics markets, resulting in substantial inventory fluctuations and share loss, Morgan Stanley noted. Personal Electronics, constituting over 20% of revenue at its peak, declined by 50% between Q2 2022 and Q1 2023, causing earlier weakness. While industrial revenue declined slightly more than peers in the first half of 2023, automotive still grew 20% year over year in September, the firm said. Texas Instruments also has lower distribution revenue compared with peers, which could reduce inventory a bit, the firm said. Despite a

Texas Instruments Incorporated (TI) reports Q4 2023 and 2023 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today PR Newswire DALLAS, Jan. 23, 2024 DALLAS, Jan. 23, 2024 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported fourth quarter revenue of $4.08 billion, net income of $1.37 billion and earnings per share of $1.49. Earnings per share included a 3-cent benefit that was 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 decreased 10% sequentially and 13% from the same quarter a year ago. During the quarter we experienced increasing weakness across industrial and a sequential decline in automotive. — “Our cash flow from operations of $6.4 billion for the trailing 12 months again underscored the strength of our business model, the quality of our

Texas Instruments Guides For Q1 EPS of $0.96-$1.16 on Revenue of $3.45-$3.75 Billion, Vs CIQ Analyst Consensus of $1.44/Share on Revenue of $4.05 Billion.

The following is a summary of the Texas Instruments Incorporated (TXN) Q4 2023 Earnings Call Transcript: Financial Performance: Texas Instruments reported a Q4 revenue of $4.1 billion, marking a decrease of 10% sequentially and 13% from the same quarter a year ago. Gross profit was $2.4 billion, or 60% of revenue; the profit margin was down 650 basis points due to lower revenue and higher manufacturing costs. Operating profit amounted to $1.5 billion, or 38% of revenue, marking a 30% decline from the year-ago quarter. The company reported Q4 net income of $1.4 billion and earnings per share of $1.49. Expected revenue for Q1 2024 is between $3.45 billion and $3.75 billion and earnings per share between $0.96 and $1.16. Business Progress: Despite a decline in industrial and automotive revenues in Q4, these sectors combined made up 74% of TI’s revenue in 2023. The company has focused on opportunities in

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target to $172 from $157, on P/E of 24x our ’25 EPS view, near five-year historical forward average. We reduce our ’24 EPS estimate to $5.75 from $7.05 and ’25 to $7.15 from $7.83. TXN posts Q4 EPS of $1.46 vs. $2.13, missing the $1.49 consensus. Sales fell 13% (-10% seq.) while Q1 guide was disappointing (implies 12% seq. drop), both missing expectations, hurt by pronounced weakness from industrial customers and a sequential decline in automotive. Gross margin of 59.6% was narrower than our view, compressing vs. 66.1% a year ago and 62.1% in Q3, hurt by lower volume and utilization. Although we believe customers are rebalancing inventories within autos/industrials (cancellations remain elevated), visibility surrounding the trajectory of a recovery remains low. Still,

Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 19.25% Keybanc $180 → $200 Maintains Overweight 01/23/2024 13.29% Rosenblatt → $190 Reiterates Buy → Buy 01/23/2024 7.33% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 16.27% UBS $170 → $195 Upgrades Neutral → Buy 01/16/2024 -4.6% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -8.17% Truist Securities $150 → $154 Maintains Hold 11/15/2023 25.22% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -4.6% B of A Securities → $160 Maintains Neutral 10/25/2023 -4.6% Stifel $180 → $160 Maintains Hold 10/25/2023 16.27% BMO Capital → $195 Maintains Outperform 10/25/2023 -22.49% Baird $180 → $130 Maintains Neutral 10/25/2023 -15.33% Citigroup $182 → $142 Maintains Neutral 10/25/2023 1.37% JP Morgan $200 → $170 Maintains Overweight 10/25/2023 -10.56% Truist Securities $165 → $150 Maintains Hold 10/25/2023 -4.6% Mizuho $181 → $160 Maintains

Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 14.07% UBS $170 → $195 Upgrades Neutral → Buy 01/16/2024 -6.41% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -9.92% Truist Securities $150 → $154 Maintains Hold 11/15/2023 22.84% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -6.41% B of A Securities → $160 Maintains Neutral 10/25/2023 -6.41% Stifel $180 → $160 Maintains Hold 10/25/2023 14.07% BMO Capital → $195 Maintains Outperform 10/25/2023 -23.95% Baird $180 → $130 Maintains Neutral 10/25/2023 -16.93% Citigroup $182 → $142 Maintains Neutral 10/25/2023 -0.56% JP Morgan $200 → $170 Maintains Overweight 10/25/2023 -12.26% Truist Securities $165 → $150 Maintains Hold 10/25/2023 -6.41% Mizuho $181 → $160 Maintains Neutral 10/25/2023 5.29% Susquehanna $185 → $180 Maintains Positive 10/25/2023 -3.48% Barclays $175 → $165 Maintains Equal-Weight 10/25/2023 22.84% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -19.86%

UBS analyst Timothy Arcuri upgrades Texas Instruments (NASDAQ:TXN) from Neutral to Buy and raises the price target from $170 to $195.