Insider Selling: Texas Instruments Incorporated (TXN) Director Sells 7,000 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Pamela H. Patsley sold 7,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.96, for a total transaction of $776,720.00. Following the sale, the director now owns 35,296 shares of the company’s stock, valued at $3,916,444.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Texas Instruments Incorporated (TXN) traded down $1.04 during trading hours on Monday, hitting $112.65. The stock had a trading volume of 6,362,061 shares, 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 stock has a market cap of $111,020.00, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27. Texas Instruments Incorporated has a 52-week low of $74.52 and a 52-week high of $120.75.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders 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 annualized dividend and a dividend yield of 2.20%. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.

A number of equities research analysts have weighed in on TXN shares. SunTrust Banks reiterated a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $98.00 target price (up from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reiterated a “hold” rating and set a $97.00 target price (up from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research note on Friday, October 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Sixteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $109.65.

Several large investors have recently bought and sold shares of the company. BerganKDV Wealth Management LLC boosted its holdings in Texas Instruments by 53.3% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 4,182 shares during the period. Ingalls & Snyder LLC boosted its holdings in Texas Instruments by 9.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after buying an additional 1,100 shares during the period. PGGM Investments boosted its holdings in Texas Instruments by 102.8% in the 3rd quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after buying an additional 484,906 shares during the period. Sather Financial Group Inc bought a new position in Texas Instruments in the 2nd quarter worth $600,000. Finally, Prudential PLC boosted its holdings in Texas Instruments by 62.3% in the 2nd quarter. Prudential PLC now owns 26,520 shares of the semiconductor company’s stock worth $2,040,000 after buying an additional 10,175 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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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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