Texas Instruments (TXN) Shares Up 0%

Texas Instruments Incorporated (NASDAQ:TXN) shares shot up 0% during trading on Wednesday . The company traded as high as $119.43 and last traded at $119.16. 6,910,000 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 5,010,000 shares. The stock had previously closed at $119.16.

A number of research firms have commented on TXN. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 target price on shares of Texas Instruments in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday. Credit Suisse Group reaffirmed an “in-line” rating and issued a $125.00 target price (up previously from $110.00) on shares of Texas Instruments in a research report on Tuesday. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Texas Instruments in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $96.06.

The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $117,440.00, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

Texas Instruments announced that its board has authorized a share buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, VP R Gregory Delagi sold 61,250 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the sale, the vice president now directly owns 189,234 shares in the company, valued at $18,308,389.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the sale, the chairman now owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders have sold 1,362,293 shares of company stock worth $131,754,396 over the last 90 days. Insiders own 0.96% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Berkshire Asset Management LLC PA increased its stake in Texas Instruments by 53.5% in the fourth quarter. Berkshire Asset Management LLC PA now owns 14,792 shares of the semiconductor company’s stock valued at $1,545,000 after purchasing an additional 5,156 shares during the last quarter. Charter Trust Co. increased its stake in Texas Instruments by 1.2% in the fourth quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock valued at $4,122,000 after purchasing an additional 479 shares during the last quarter. CAPROCK Group Inc. increased its stake in Texas Instruments by 33.6% in the fourth quarter. CAPROCK Group Inc. now owns 18,749 shares of the semiconductor company’s stock valued at $2,113,000 after purchasing an additional 4,717 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Texas Instruments by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,131,931 shares of the semiconductor company’s stock valued at $535,979,000 after purchasing an additional 216,334 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in Texas Instruments in the fourth quarter valued at approximately $207,000. Institutional investors own 83.85% 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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