Texas Instruments Incorporated (NASDAQ:TXN) Director Daniel A. Carp sold 14,749 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $103.50, for a total transaction of $1,526,521.50. Following the sale, the director now owns 51,573 shares of the company’s stock, valued at approximately $5,337,805.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Texas Instruments stock opened at $107.15 on Thursday. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $118.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The stock has a market capitalization of $102.24 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.98 and a beta of 1.17.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Thursday, January 31st were issued a $0.77 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.87%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
Institutional investors and hedge funds have recently modified their holdings of the company. Highwater Wealth Management LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $34,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $40,000. Essex Savings Bank purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $42,000. Baldwin Brothers Inc. MA increased its stake in shares of Texas Instruments by 42.5% during the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 153 shares in the last quarter. Finally, Clarus Wealth Advisors increased its stake in shares of Texas Instruments by 142.9% during the 4th quarter. Clarus Wealth Advisors now owns 714 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 420 shares in the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.
TXN has been the subject of several analyst reports. Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target for the company. in a report on Friday, January 4th. JPMorgan Chase & Co. cut their price target on shares of Texas Instruments from $134.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, October 24th. Robert W. Baird cut their price target on shares of Texas Instruments from $115.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. B. Riley cut their price target on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Finally, Royal Bank of Canada cut their price target on shares of Texas Instruments to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $108.74.
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Texas Instruments Company Profile
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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