Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Chairman Sells $17,925,526.80 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Instruments Trading Up 0.7 %

Shares of NASDAQ TXN opened at $183.95 on Thursday. The company has a market cap of $167.48 billion, a PE ratio of 28.70, a P/E/G ratio of 3.81 and a beta of 1.01. 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 firm’s 50 day moving average price is $171.38 and its 200-day moving average price is $163.58. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

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

Texas Instruments Announces Dividend

The company 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 $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AXQ Capital LP boosted its stake in shares of Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its stake in Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC grew its holdings in Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after buying an additional 2,397 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $222,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Benchmark reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Truist Financial raised their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $180.74.

About Texas Instruments

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.