Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Director Sells 9,990 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred 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 transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Texas Instruments Stock Up 1.8 %

Shares of Texas Instruments stock opened at $178.91 on Friday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a PEG ratio of 3.74 and a beta of 1.01. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $170.37 and a two-hundred day moving average price of $162.81.

Texas Instruments (NASDAQ:TXN) last released its 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TXN shares. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Stifel Nicolaus increased their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.74.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of the business. AXQ Capital LP boosted its holdings in Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after buying an additional 155 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Texas Instruments by 39.9% in the third 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 during the period. Silver Oak Securities Incorporated acquired a new stake in Texas Instruments during the fourth quarter worth about $222,000. Finally, Salem Investment Counselors Inc. increased its stake in Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 177 shares during the period. 84.99% of the stock is owned by 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.