Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Chairman Sells 100,440 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Texas Instruments Price Performance

Texas Instruments stock opened at $181.67 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock has a market cap of $165.41 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The firm has a 50-day moving average of $171.03 and a two-hundred day moving average of $163.33. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid 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 dividend yield of 2.86%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Institutional Trading of Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in the business. Metis Global Partners LLC increased its position in Texas Instruments by 4.0% during the 1st quarter. Metis Global Partners LLC now owns 60,549 shares of the semiconductor company’s stock valued at $10,548,000 after purchasing an additional 2,311 shares during the period. Empowered Funds LLC increased its holdings in Texas Instruments by 38.9% during the first quarter. Empowered Funds LLC now owns 66,276 shares of the semiconductor company’s stock valued at $11,546,000 after buying an additional 18,550 shares during the period. AIA Group Ltd raised its stake in Texas Instruments by 3.2% in the first quarter. AIA Group Ltd now owns 359,683 shares of the semiconductor company’s stock worth $62,660,000 after buying an additional 11,202 shares in the last quarter. Empirical Finance LLC lifted its holdings in Texas Instruments by 3.5% during the first quarter. Empirical Finance LLC now owns 33,064 shares of the semiconductor company’s stock worth $5,760,000 after buying an additional 1,121 shares during the period. Finally, CFO4Life Group LLC boosted its position in Texas Instruments by 7.4% during the 1st quarter. CFO4Life Group LLC now owns 6,400 shares of the semiconductor company’s stock valued at $1,115,000 after acquiring an additional 441 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TXN shares. Mizuho boosted their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price objective 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. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.