Pamela H. Patsley Sells 9,990 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $175.80 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. The stock has a market capitalization of $160.06 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.76 and a beta of 1.01. The stock’s fifty day simple moving average is $170.37 and its 200 day simple moving average is $162.81. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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 is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.96%. Texas Instruments’s dividend payout ratio is 81.12%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley raised their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Finally, Mizuho raised their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $180.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. AXQ Capital LP grew its stake in Texas Instruments by 64.3% in the third 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 in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in Texas Instruments by 0.4% in 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 purchasing an additional 155 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in 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 purchasing an additional 2,397 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Texas Instruments in the fourth quarter valued at about $222,000. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.