Texas Instruments Incorporated (TXN) CEO Richard K. Templeton Sells 190,000 Shares

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.

COPYRIGHT VIOLATION WARNING: “Texas Instruments Incorporated (TXN) CEO Richard K. Templeton Sells 190,000 Shares” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://weekherald.com/2017/11/15/richard-k-templeton-sells-190000-shares-of-texas-instruments-incorporated-txn-stock.html.

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.

Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply