Traders Buy Shares of Texas Instruments (TXN) on Weakness

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Investors bought shares of Texas Instruments Incorporated (NASDAQ:TXN) on weakness during trading hours on Friday. $154.33 million flowed into the stock on the tick-up and $120.49 million flowed out of the stock on the tick-down, for a money net flow of $33.84 million into the stock. Of all companies tracked, Texas Instruments had the 28th highest net in-flow for the day. Texas Instruments traded down ($1.50) for the day and closed at $115.74

A number of equities research analysts recently issued reports on TXN shares. B. Riley upped their price target on shares of Texas Instruments from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, April 25th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. DZ Bank raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $125.00 price target on shares of Texas Instruments in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Buy” and an average price target of $113.36.

The company has a market capitalization of $113.30 billion, a P/E ratio of 27.04, a PEG ratio of 2.26 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.53 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.65 billion. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. analysts predict that Texas Instruments Incorporated will post 5.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 21st. Investors of record on Monday, May 7th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, May 4th. Texas Instruments’s dividend payout ratio is presently 57.94%.

In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the transaction, the insider now directly owns 172,545 shares in the company, valued at approximately $19,009,282.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Niels Anderskouv sold 102,595 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $110.10, for a total transaction of $11,295,709.50. Following the transaction, the insider now owns 110,187 shares in the company, valued at $12,131,588.70. The disclosure for this sale can be found here. Insiders sold a total of 175,484 shares of company stock worth $19,325,083 in the last ninety days. 0.84% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of TXN. American International Group Inc. grew its holdings in Texas Instruments by 1,093.2% during the 4th quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after acquiring an additional 5,141,210 shares in the last quarter. Lansdowne Partners UK LLP grew its holdings in Texas Instruments by 16,573.7% during the 4th quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock worth $394,167,000 after acquiring an additional 3,751,449 shares in the last quarter. Franklin Resources Inc. grew its holdings in Texas Instruments by 26.5% during the 1st quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after acquiring an additional 2,450,531 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Texas Instruments by 1,383.0% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 2,436,583 shares of the semiconductor company’s stock worth $253,136,000 after acquiring an additional 2,272,286 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Texas Instruments by 2.5% during the 4th quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after acquiring an additional 1,682,070 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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