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.
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.
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