Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) Director Robert E. Sanchez sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at approximately $3,252,649.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of NASDAQ:TXN opened at $174.98 on Wednesday. The stock’s 50 day moving average price is $175.50 and its 200 day moving average price is $180.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73. The stock has a market cap of $161.36 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.07 and a beta of 0.95. Texas Instruments Incorporated has a 12 month low of $160.50 and a 12 month high of $202.26.
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.17. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.87 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 8.77 EPS for the current year.
TXN has been the subject of a number of research reports. StockNews.com raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Monday. Evercore ISI lowered their price objective on shares of Texas Instruments from $210.00 to $190.00 and set an “in-line” rating for the company in a research report on Wednesday, January 26th. Stifel Nicolaus cut their target price on shares of Texas Instruments from $180.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, April 27th. Susquehanna lowered their target price on Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. Finally, Citigroup cut their price target on Texas Instruments from $187.00 to $160.00 in a report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $193.53.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth $1,534,890,000. Wellington Management Group LLP raised its holdings in Texas Instruments by 24.7% during the 3rd quarter. Wellington Management Group LLP now owns 23,687,105 shares of the semiconductor company’s stock worth $4,552,898,000 after buying an additional 4,689,046 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after buying an additional 1,779,273 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Texas Instruments by 2.0% in the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after buying an additional 1,484,246 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Texas Instruments by 360.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock worth $321,153,000 after acquiring an additional 1,333,800 shares in the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.
About Texas Instruments (Get Rating)
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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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