Pamela H. Patsley Sells 9,990 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $175.20 on Thursday. The company’s 50-day moving average is $170.17 and its 200 day moving average is $162.71. 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 capitalization of $159.52 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analyst Weigh In

A number of analysts have commented on TXN shares. Morgan Stanley boosted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. KeyCorp boosted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Mizuho boosted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.74.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently added to or reduced their stakes in the business. Annapolis Financial Services LLC lifted its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.