Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $2,085,912.00 in Stock

by · The Cerbat Gem

Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Texas Instruments Stock Performance

Texas Instruments stock traded up $5.52 during midday trading on Tuesday, reaching $211.35. 5,520,003 shares of the stock traded hands, compared to its average volume of 5,492,954. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $192.43 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 4.52 and a beta of 0.98. The firm has a fifty day moving average price of $203.75 and a two-hundred day moving average price of $195.91.

Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is 84.87%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Susquehanna cut their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $206.95.

Get Our Latest Research Report on Texas Instruments

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in the company. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 101 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at $43,000. Friedenthal Financial acquired a new stake in shares of Texas Instruments in the second quarter worth $50,000. Finally, Beacon Capital Management LLC boosted its position in shares of Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock worth $58,000 after buying an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

(Get Free Report)

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.

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