Insider Selling: Texas Instruments Incorporated VP Sells 78,125 Shares of Stock (TXN)
Texas Instruments Incorporated (NYSE:TXN) VP Niels Anderskouv sold 78,125 shares of Texas Instruments Incorporated stock on the open market in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $41.00, for a total value of $3,203,125.00. Following the completion of the sale, the vice president now directly owns 143,727 shares of the company’s stock, valued at approximately $5,892,807. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Texas Instruments Incorporated (NYSE:TXN) traded up 1.83% during mid-day trading on Tuesday, hitting $41.76. The stock had a trading volume of 11,073,643 shares. Texas Instruments Incorporated has a 52 week low of $26.94 and a 52 week high of $40.39. The stock’s 50-day moving average is $39.2 and its 200-day moving average is $36.64. The company has a market cap of $45.709 billion and a price-to-earnings ratio of 24.21. Texas Instruments Incorporated also was the target of some unusual options trading activity on Monday. Investors acquired 37,848 call options on the company. This represents an increase of 769% compared to the average daily volume of 4,355 call options.
Texas Instruments Incorporated (NYSE:TXN) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post $1.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, October 29th. This is a positive change from Texas Instruments Incorporated’s previous quarterly dividend of $0.28.
A number of analysts have recently weighed in on TXN shares. Analysts at RBC Capital raised their price target on shares of Texas Instruments Incorporated from $36.00 to $37.00 in a research note to investors on Tuesday, October 22nd. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Texas Instruments Incorporated from $45.00 to $42.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Texas Instruments Incorporated from $35.00 to $36.00 in a research note to investors on Tuesday, October 22nd. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.39.
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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