Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $1,749,848.40 in Stock

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now directly owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Instruments Price Performance

Texas Instruments stock opened at $175.18 on Monday. Texas Instruments Incorporated has a 52 week low of $144.46 and a 52 week high of $199.90. The business has a 50-day simple moving average of $162.56 and a 200 day simple moving average of $165.19. The company has a quick ratio of 4.06, a current ratio of 4.92 and a debt-to-equity ratio of 0.51. The stock has a market cap of $158.99 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.02 and a beta of 0.99.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. On average, research analysts forecast that Texas Instruments Incorporated will post 9.27 earnings per share for the current fiscal year.

Texas Instruments announced that its Board of Directors has initiated a stock buyback program on Thursday, September 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $1.24 per share. The ex-dividend date was Friday, October 28th. This represents a $4.96 annualized dividend and a yield of 2.83%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s payout ratio is 51.99%.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently added to or reduced their stakes in TXN. Price T Rowe Associates Inc. MD lifted its stake in Texas Instruments by 43.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 21,113,372 shares of the semiconductor company’s stock worth $3,244,069,000 after purchasing an additional 6,363,962 shares during the last quarter. Wellington Management Group LLP lifted its stake in Texas Instruments by 7.6% during the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock worth $5,763,635,000 after purchasing an additional 2,209,099 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Texas Instruments by 18.0% in the 2nd quarter. Franklin Resources Inc. now owns 13,183,584 shares of the semiconductor company’s stock valued at $2,025,659,000 after acquiring an additional 2,014,373 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after acquiring an additional 1,779,273 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Texas Instruments by 125.9% in the 3rd quarter. Barclays PLC now owns 3,093,266 shares of the semiconductor company’s stock valued at $478,775,000 after acquiring an additional 1,723,725 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Texas Instruments from $160.00 to $155.00 in a report on Wednesday, October 26th. StockNews.com lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Susquehanna Bancshares dropped their price target on Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. Barclays upgraded Texas Instruments from an “underweight” rating to an “equal weight” rating and set a $150.00 price target on the stock in a report on Monday, October 24th. Finally, Morgan Stanley dropped their price target on Texas Instruments from $160.00 to $152.00 and set an “underweight” rating on the stock in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.70.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

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