Insider Selling: Texas Instruments Incorporated VP Sells 30,000 Shares of Stock (TXN)
Texas Instruments Incorporated (NYSE:TXN) VP Melendy E. Lovett unloaded 30,000 shares of Texas Instruments Incorporated stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $43.65, for a total value of $1,309,500.00. Following the sale, the vice president now directly owns 62,500 shares of the company’s stock, valued at approximately $2,728,125. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TXN shares. Analysts at Credit Suisse raised their price target on shares of Texas Instruments Incorporated to $44.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Texas Instruments Incorporated from $40.00 to $45.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Texas Instruments Incorporated in a research note to investors on Wednesday. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company. Texas Instruments Incorporated currently has a consensus rating of “Hold” and a consensus target price of $39.52.
Shares of Texas Instruments Incorporated (NYSE:TXN) traded down 2.59% during mid-day trading on Friday, hitting $42.95. 10,931,654 shares of the company’s stock traded hands. Texas Instruments Incorporated has a 52 week low of $32.19 and a 52 week high of $44.82. The stock’s 50-day moving average is $43.19 and its 200-day moving average is $40.86. The company has a market cap of $47.011 billion and a price-to-earnings ratio of 26.12. Texas Instruments Incorporated also was the target of unusually large options trading activity on Tuesday. Investors acquired 13,426 call options on the company. This represents an increase of approximately 498% compared to the typical daily volume of 2,245 call options.
Texas Instruments Incorporated (NYSE:TXN) last announced its earnings results on Tuesday, January 21st. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 1.6% 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 declared a quarterly dividend, which is scheduled for Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, January 29th.
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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