Texas Instruments (NASDAQ:TXN) Director Sells $2,705,521.36 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Jean Hobby sold 8,758 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $308.92, for a total value of $2,705,521.36. Following the completion of the transaction, the director owned 4,627 shares of the company’s stock, valued at approximately $1,429,372.84. This represents a 65.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Texas Instruments Stock Down 2.8%

NASDAQ:TXN traded down $8.88 during trading hours on Friday, hitting $303.60. The stock had a trading volume of 5,188,271 shares, compared to its average volume of 7,715,579. The company has a market cap of $277.42 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39. The business has a 50 day simple moving average of $282.88 and a two-hundred day simple moving average of $263.61. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 8.97 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio is currently 78.86%.

Analyst Ratings Changes

Several analysts have recently weighed in on TXN shares. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. Barclays increased their price target on Texas Instruments from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Rosenblatt Securities raised their price objective on Texas Instruments from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, The Goldman Sachs Group restated a “sell” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $315.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kraft Davis & Associates LLC boosted its position in Texas Instruments by 4.4% in the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 35 shares during the last quarter. May Hill Capital LLC increased its position in shares of Texas Instruments by 3.7% during the 3rd quarter. May Hill Capital LLC now owns 990 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 35 shares during the last quarter. Aviance Capital Partners LLC raised its stake in shares of Texas Instruments by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 36 shares during the period. International Assets Investment Management LLC raised its stake in shares of Texas Instruments by 1.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 36 shares during the period. Finally, HBW Advisory Services LLC boosted its holdings in shares of Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock worth $336,000 after buying an additional 37 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems. The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.