Texas Instruments Incorporated VP Brian T. Crutcher Sells 50,000 Shares (TXN)
Texas Instruments Incorporated (NYSE:TXN) VP Brian T. Crutcher unloaded 50,000 shares of Texas Instruments Incorporated stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $42.56, for a total value of $2,128,000.00. Following the sale, the vice president now directly owns 493,175 shares in the company, valued at approximately $20,989,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Texas Instruments Incorporated (NYSE:TXN) traded up 0.61% on Tuesday, hitting $42.90. The stock had a trading volume of 6,356,112 shares. Texas Instruments Incorporated has a 1-year low of $32.19 and a 1-year high of $44.82. The stock has a 50-day moving average of $43.15 and a 200-day moving average of $41.01. The company has a market cap of $46.452 billion and a P/E ratio of 22.32.
Texas Instruments Incorporated (NYSE:TXN) last posted its quarterly 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. On average, analysts predict that Texas Instruments Incorporated will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, January 29th.
Several analysts have recently commented on the stock. 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, January 22nd. 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, January 22nd. 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, January 22nd. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.52.
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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