Texas Instruments Incorporated (NASDAQ:TXN) VP Darla H. Whitaker sold 118,799 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the completion of the sale, the vice president now owns 123,993 shares in the company, valued at $11,933,086.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $96.96 on Wednesday. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a twelve month low of $69.92 and a twelve month high of $99.05. The stock has a market capitalization of $95,628.94, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $0.94 EPS. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts anticipate that Texas Instruments Incorporated will post 4.33 earnings per share for the current fiscal year.
Texas Instruments announced that its Board of Directors has authorized a share buyback plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, October 30th. Texas Instruments’s payout ratio is 57.94%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Enterprise Financial Services Corp boosted its position in Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 4 shares during the period. Financial Advisory Service Inc. boosted its position in Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 12 shares during the period. TNB Financial boosted its position in Texas Instruments by 0.5% during the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 14 shares during the period. Highland Private Wealth Management boosted its position in Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 25 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its position in Texas Instruments by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.
A number of analysts have issued reports on the stock. Drexel Hamilton boosted their price target on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. B. Riley reiterated a “neutral” rating and set a $89.00 price target on shares of Texas Instruments in a research note on Monday, July 31st. Barclays PLC cut their target price on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Cowen and Company restated a “market perform” rating and set a $85.00 target price (up from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $93.85.
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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