Insider Selling: Joseph F. Hubach Sells 45,000 Shares of Texas Instruments Incorporated Stock (TXN)
Texas Instruments Incorporated (NYSE:TXN) SVP Joseph F. Hubach sold 45,000 shares of Texas Instruments Incorporated stock on the open market in a transaction dated Friday, January 31st. The stock was sold at an average price of $42.01, for a total transaction of $1,890,450.00. Following the sale, the senior vice president now directly owns 176,808 shares of the company’s stock, valued at approximately $7,427,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 stock. The stock has an average rating of “Hold” and an average price target of $39.52.
Texas Instruments Incorporated (NYSE:TXN) traded down 2.12% during mid-day trading on Monday, hitting $41.50. 12,669,572 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 $43.10 and its 200-day moving average is $41.1. The company has a market cap of $44.936 billion and a price-to-earnings ratio of 22.20.
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. Stockholders 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 2.89%. The ex-dividend date 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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