By Tae Kim
Weakness in a major market for Texas Instruments chips may lead to a disappointing outlook for investors.
The analyst consensus is for Texas Instruments to report December quarter revenue of $3.9 billion with adjusted earnings-per-share of $1.22. Analysts' estimates for the current quarter's revenue is $3.85 billion and EPS of $1.17.
Texas Instruments sells the basic building-block chips that go into products in nearly every sector of the economy from autos and industrials to consumer electronics. The company has more than 100,000 customers.
On Tuesday, KeyBanc Capital Markets analyst John Vinh warned chip demand in the industrials end market for Texas Instruments remains challenging.
"We expect TXN to post in-line to slightly better results and lower guidance," he wrote.
Vinh has an Overweight rating for Texas Instruments and a $250 price target for the stock.
Texas Instruments shares stock is up 13% over the last 12 months, compared with the 17% rise for the iShares Semiconductor ETF.
The chip maker will be the first major semiconductor company to report December quarter results after the close on Thursday.
Write to Tae Kim at tae.kim@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 23, 2025 01:30 ET (06:30 GMT)
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