Key Points
- Texas Instruments director Jean Hobby sold 8,758 shares for about $2.71 million, reducing her direct stake by 65.43% to 4,627 shares.
- The company reported quarterly EPS of $2.62 and revenue of $6.05 billion, both above analyst estimates; revenue rose 27.7% year over year.
- Texas Instruments raised its quarterly dividend from $1.42 to $1.52 per share, equivalent to an annualized $6.08 and a 2.0% yield.
Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) Director Jean Hobby sold 8,758 shares of the business's stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $308.92, for a total value of $2,705,521.36. Following the completion of the sale, the director directly owned 4,627 shares of the company's stock, valued at $1,429,372.84. This represents a 65.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Texas Instruments Stock Down 2.8%
Shares of TXN traded down $8.88 during trading hours on Friday, hitting $303.60. 5,228,771 shares of the company were exchanged, compared to its average volume of 9,484,298. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The company has a market cap of $277.42 billion, a PE ratio of 39.38, a PEG ratio of 1.53 and a beta of 1.39. The firm's 50 day moving average is $283.87 and its 200-day moving average is $264.14. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the business earned $1.48 EPS. The firm's revenue was up 27.7% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 8.99 EPS for the current fiscal year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were given a dividend of $1.52 per share. The ex-dividend date of this dividend was Friday, October 30th. This is an increase from Texas Instruments's previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 2.0%. Texas Instruments's dividend payout ratio (DPR) is currently 78.86%.
Institutional Trading of Texas Instruments
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Putney Financial Group LLC bought a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Kilter Group LLC acquired a new stake in shares of Texas Instruments in the second quarter worth $31,000. Creative Capital Management Investments LLC grew its stake in shares of Texas Instruments by 167.5% in the third quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Nvwm LLC increased its position in Texas Instruments by 550.0% during the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 99 shares during the period. Finally, Addison Advisors LLC bought a new position in Texas Instruments during the second quarter worth $38,000. Institutional investors and hedge funds own 84.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Texas Instruments from $260.00 to $300.00 and gave the stock a "hold" rating in a research note on Thursday, October 22nd. Arete Research decreased their price objective on shares of Texas Instruments from $405.00 to $381.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $310.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Instruments from $360.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Moderate Buy" and an average price target of $315.37.
Read Our Latest Stock Analysis on Texas Instruments
Texas Instruments Company Profile
(
Get Free Report)
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems. The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.
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