Insider Selling: Texas Instruments Incorporated VP Unloads 2,500 Shares of Stock (TXN)
Texas Instruments Incorporated (NYSE:TXN) VP David Heacock sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.50, for a total transaction of $101,250.00. Following the completion of the sale, the vice president now directly owns 168,652 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TXN shares. Analysts at Wedbush raised their price target on shares of Texas Instruments Incorporated (NYSE:TXN) from $40.00 to $42.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Texas Instruments Incorporated (NYSE:TXN) to $40.00 in a research note to investors on Wednesday, September 11th. Finally, analysts at JPMorgan Chase & Co. set a $45.00 price target on shares of Texas Instruments Incorporated (NYSE:TXN) in a research note to investors on Wednesday, September 11th. They now have an “overweight” rating on the stock.
Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. Texas Instruments Incorporated has an average rating of “Hold” and a consensus price target of $36.37.
Texas Instruments Incorporated (NYSE:TXN) traded up 0.69% during mid-day trading on Tuesday, hitting $40.73. 4,061,198 shares of the company’s stock traded hands. Texas Instruments Incorporated has a 1-year low of $26.94 and a 1-year high of $40.84. The stock has a 50-day moving average of $39.31 and a 200-day moving average of $36.75. The company has a market cap of $44.851 billion and a price-to-earnings ratio of 22.30. Texas Instruments Incorporated also saw some unusual options trading activity on Monday. Investors purchased 6,863 put options on the stock. This is an increase of 151% compared to the typical daily volume of 2,731 put options.
Texas Instruments Incorporated (NYSE:TXN) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.01. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post $1.94 EPS for the current fiscal year.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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