Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) Director Robert E. Sanchez sold 10,539 shares of the company's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Texas Instruments Trading Up 1.8 %
Shares of NASDAQ TXN opened at $178.91 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company's fifty day moving average is $170.37 and its 200-day moving average is $162.81. The stock has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 3.75 and a beta of 1.01.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company's revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current year.
Texas Instruments Dividend Announcement
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The business also recently announced 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. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.91%. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.
Institutional Investors Weigh In On Texas Instruments
Several large investors have recently made changes to their positions in TXN. Chemistry Wealth Management LLC lifted its stake in Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company's stock valued at $218,000 after acquiring an additional 62 shares in the last quarter. Field & Main Bank lifted its position in shares of Texas Instruments by 10.4% in the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company's stock worth $118,000 after purchasing an additional 65 shares in the last quarter. Guardian Wealth Management Inc. boosted its holdings in Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company's stock worth $1,873,000 after purchasing an additional 65 shares during the last quarter. Buckley Wealth Management LLC grew its position in Texas Instruments by 1.1% in the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company's stock valued at $1,028,000 after purchasing an additional 65 shares in the last quarter. Finally, Howard Financial Services LTD. grew its position in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company's stock valued at $371,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 84.99% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on TXN shares. Stifel Nicolaus increased their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a "hold" rating in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen increased their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $180.74.
Check Out Our Latest Research Report on TXN
About Texas Instruments
(
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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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