Insider Selling: David K. Heacock Unloads 70,000 Shares of Texas Instruments Stock (TXN)
Texas Instruments (NYSE:TXN) VP David K. Heacock unloaded 70,000 shares of the stock on the open market in a transaction dated Friday, February 14th. The shares were sold at an average price of $43.73, for a total value of $3,061,100.00. Following the completion of the sale, the vice president now directly owns 150,634 shares of the company’s stock, valued at approximately $6,587,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Texas Instruments to $44.00 in a research note 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 from $40.00 to $45.00 in a research note 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 in a research note on Wednesday, January 22nd. Four 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. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $39.52.
Shares of Texas Instruments (NYSE:TXN) opened at 43.86 on Tuesday. Texas Instruments has a one year low of $32.19 and a one year high of $44.82. The stock’s 50-day moving average is $42. and its 200-day moving average is $41.40. The company has a market cap of $47.492 billion and a price-to-earnings ratio of 22.96.
Texas Instruments (NYSE:TXN) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.09 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.