Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Director Sells 10,539 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Texas Instruments Trading Up 1.8 %

TXN stock traded up $3.11 during midday trading on Friday, hitting $178.91. 4,543,627 shares of the company’s stock were exchanged, compared to its average volume of 5,691,813. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a market cap of $162.89 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. The stock’s fifty day moving average price is $170.37 and its 200-day moving average price is $162.81.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. Research analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s payout ratio is 81.12%.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after buying an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after acquiring an additional 1,154,513 shares during the last quarter. Morgan Stanley boosted its position in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TXN. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Mizuho raised their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $180.74.

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.