Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $1,844,008.83 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Instruments Price Performance

TXN stock opened at $178.91 on Friday. The company has a fifty day simple moving average of $170.68 and a two-hundred day simple moving average of $162.98. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. 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 firm has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.91%. Texas Instruments’s payout ratio is presently 81.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares during the last quarter. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the period. Franklin Resources Inc. boosted its position in shares of Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Truist Financial upped their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Company Profile

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.