Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $2,142,894.87 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Texas Instruments Stock Performance

Shares of TXN opened at $200.95 on Wednesday. The stock has a market capitalization of $183.31 billion, a P/E ratio of 37.35, a P/E/G ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The company’s fifty day moving average is $204.53 and its two-hundred day moving average is $200.71.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. Texas Instruments’s payout ratio is 101.12%.

Analyst Ratings Changes

Several research firms have commented on TXN. Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $210.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Peapack Gladstone Financial Corp boosted its position in shares of Texas Instruments by 0.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 51,555 shares of the semiconductor company’s stock worth $10,651,000 after purchasing an additional 218 shares in the last quarter. Tidal Investments LLC boosted its holdings in Texas Instruments by 11.1% during the third quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock worth $9,726,000 after buying an additional 4,690 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Texas Instruments by 156.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock worth $9,496,000 after buying an additional 28,012 shares during the period. Arvest Bank Trust Division purchased a new position in Texas Instruments in the third quarter valued at about $2,470,000. Finally, World Investment Advisors LLC boosted its stake in shares of Texas Instruments by 156.4% during the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock worth $1,444,000 after acquiring an additional 4,266 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.