Texas Instruments Incorporated (NASDAQ:TXN) insider Haren Julie Van sold 19,125 shares of Texas Instruments stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $105.48, for a total value of $2,017,305.00. Following the sale, the insider now directly owns 29,578 shares of the company’s stock, valued at $3,119,887.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Texas Instruments Incorporated (TXN) traded down $3.89 during trading on Wednesday, hitting $101.98. The stock had a trading volume of 10,010,000 shares, compared to its average volume of 6,300,000. The company has a market capitalization of $100,510.00, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. Texas Instruments Incorporated has a 12 month low of $74.52 and a 12 month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. The company had revenue of $3.75 billion for 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%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC raised its holdings in Texas Instruments by 53.3% during the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after acquiring an additional 4,182 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in Texas Instruments by 9.6% during the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after acquiring an additional 1,100 shares in the last quarter. PGGM Investments raised its holdings in Texas Instruments by 102.8% during the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after acquiring an additional 484,906 shares in the last quarter. Sather Financial Group Inc bought a new stake in Texas Instruments during the second quarter worth about $600,000. Finally, Prudential PLC raised its holdings in Texas Instruments by 62.3% during the second quarter. Prudential PLC now owns 26,520 shares of the semiconductor company’s stock worth $2,040,000 after acquiring an additional 10,175 shares in the last quarter. Institutional investors own 84.30% of the company’s stock.
A number of research firms have issued reports on TXN. Credit Suisse Group raised Texas Instruments to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday. Deutsche Bank boosted their target price on Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Drexel Hamilton reissued a “buy” rating and issued a $110.00 target price (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Loop Capital reissued a “hold” rating and issued a $102.00 target price (up from $90.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Nomura boosted their target price on Texas Instruments from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Fifteen analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $109.65.
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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.
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