Insider Selling: Texas Instruments Incorporated (TXN) COO Sells 267,201 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) COO Brian T. Crutcher sold 267,201 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the sale, the chief operating officer now owns 246,961 shares in the company, valued at $27,432,427.88. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Texas Instruments Incorporated (TXN) traded down $1.04 during mid-day trading on Monday, reaching $112.65. 6,362,061 shares of the company’s stock were exchanged, compared to its average volume of 6,020,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. The company has a market cap of $111,020.00, a P/E ratio of 31.29, a P/E/G ratio of 2.38 and a beta of 1.27. Texas Instruments Incorporated has a twelve month low of $74.52 and a twelve month high of $120.75.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.20%. Texas Instruments’s dividend payout ratio is currently 68.89%.

Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC grew its stake in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Texas Instruments in the 2nd quarter worth about $112,000. Westside Investment Management Inc. boosted its stake in shares of Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares in the last quarter. Zions Bancorporation boosted its stake in shares of Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Willingdon Wealth Management bought a new position in shares of Texas Instruments during the third quarter valued at approximately $141,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Several analysts have recently issued reports on TXN shares. Drexel Hamilton restated a “buy” rating and set a $110.00 target price (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Oppenheimer restated a “buy” rating and set a $110.00 target price (up from $92.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Bank of America upped their target price on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. BMO Capital Markets restated a “buy” rating and set a $105.00 target price on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $112.00 price objective on shares of Texas Instruments in a research report on Thursday, January 4th. Sixteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $109.65.

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Texas Instruments Company Profile

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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