Texas Instruments Incorporated (NASDAQ:TXN) SVP Cynthia Hoff Trochu sold 3,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total value of $395,463.10. Following the completion of the sale, the senior vice president now owns 68,918 shares of the company’s stock, valued at $7,625,776.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Texas Instruments Incorporated (TXN) traded up $0.41 during trading hours on Thursday, reaching $110.08. The company’s stock had a trading volume of 5,407,354 shares, compared to its average volume of 5,980,000. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a one year low of $74.52 and a one year high of $120.75. The firm has a market capitalization of $108,490.00, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. equities analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its stake in Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Texas Instruments during the second quarter worth $112,000. Westside Investment Management Inc. lifted its stake in Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares in the last quarter. Zions Bancorporation lifted its stake in Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Willingdon Wealth Management acquired a new position in Texas Instruments during the third quarter worth $141,000. Institutional investors own 84.02% of the company’s stock.
A number of research firms have recently issued reports on TXN. Argus upped their price target on Texas Instruments to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Nomura upped their price target on Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. B. Riley restated a “neutral” rating and issued a $110.00 price target (up from $97.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Mizuho restated a “buy” rating and issued a $107.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Robert W. Baird upped their price target on Texas Instruments from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Sixteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Texas Instruments currently has an average rating of “Buy” and a consensus price target 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.
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