Texas Instruments Incorporated (NASDAQ:TXN) CEO Richard K. Templeton sold 190,000 shares of Texas Instruments stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $96.88, for a total transaction of $18,407,200.00. Following the transaction, the chief executive officer now directly owns 1,137,056 shares in the company, valued at $110,157,985.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $96.96 on Wednesday. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. Texas Instruments Incorporated has a 12-month low of $69.92 and a 12-month high of $99.05.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 analysts’ expectations of $3.91 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. equities research analysts predict that Texas Instruments Incorporated will post 4.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.62 per share. The ex-dividend date was Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is currently 57.94%.
Texas Instruments declared that its Board of Directors has initiated a share buyback plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. American Beacon Advisors Inc. acquired a new stake in Texas Instruments in the 1st quarter valued at about $101,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 200 shares during the period. MV Capital Management Inc. increased its holdings in Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after buying an additional 93 shares during the last quarter. ClariVest Asset Management LLC increased its holdings in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. Finally, Balentine LLC increased its holdings in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.
Several research firms have recently commented on TXN. reiterated a “buy” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. restated a “hold” rating and set a $102.00 target price (up from $90.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. restated a “hold” rating and set a $98.00 target price (up from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus 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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