Texas Instruments Incorporated (NASDAQ:TXN) Director Ralph W. Babb, Jr. sold 22,158 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $2,138,468.58. Following the completion of the transaction, the director now owns 41,454 shares of the company’s stock, valued at approximately $4,000,725.54. The sale was disclosed in a filing with the SEC, which is available at this link.

Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.66% during trading on Tuesday, reaching $96.69. 3,770,261 shares of the company’s stock traded hands. The stock has a market capitalization of $95.73 billion, a P/E ratio of 24.18 and a beta of 1.24. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $97.56. The company has a 50-day moving average of $90.46 and a 200 day moving average of $83.18.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business earned $0.94 earnings per share. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post $4.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a $0.62 dividend. The ex-dividend date is Monday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a yield of 2.56%. Texas Instruments’s payout ratio is 46.73%.

Texas Instruments announced that its board has initiated a stock buyback program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 74% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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A number of analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $98.00 price target (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price target (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reiterated a “neutral” rating and set a $89.00 price target on shares of Texas Instruments in a research note on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $110.00 price target (up previously from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average price target of $93.85.

A number of hedge funds and other institutional investors have recently bought and sold shares of TXN. American Beacon Advisors Inc. acquired a new stake in Texas Instruments during the 1st quarter worth about $101,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares during the period. MV Capital Management Inc. raised its holdings in Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after buying an additional 93 shares during the period. ClariVest Asset Management LLC raised its holdings in Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the period. Finally, Balentine LLC raised its holdings in Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

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