Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Chairman Sells 97,000 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,914,158.52. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ TXN traded down $0.76 during mid-day trading on Tuesday, hitting $199.98. The company had a trading volume of 7,439,461 shares, compared to its average volume of 6,541,570. The company has a market capitalization of $182.05 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The business’s 50-day simple moving average is $188.67 and its 200 day simple moving average is $197.64.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company earned $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Institutional Trading of Texas Instruments

Several hedge funds have recently modified their holdings of the stock. Integrated Advisors Network LLC raised its stake in shares of Texas Instruments by 26.4% in the fourth quarter. Integrated Advisors Network LLC now owns 26,425 shares of the semiconductor company’s stock valued at $4,955,000 after acquiring an additional 5,513 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in Texas Instruments by 121.0% in the fourth quarter. Polar Asset Management Partners Inc. now owns 162,000 shares of the semiconductor company’s stock valued at $30,377,000 after buying an additional 88,700 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new position in Texas Instruments in the fourth quarter valued at $2,361,000. Sunbeam Capital Management LLC purchased a new position in Texas Instruments in the fourth quarter valued at $318,000. Finally, Ascent Group LLC increased its holdings in Texas Instruments by 8.1% in the fourth quarter. Ascent Group LLC now owns 10,518 shares of the semiconductor company’s stock valued at $1,972,000 after buying an additional 784 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.