Traders Sell Shares of Texas Instruments (TXN) on Strength (TXN)

Investors sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading on Monday. $116.64 million flowed into the stock on the tick-up and $173.32 million flowed out of the stock on the tick-down, for a money net flow of $56.68 million out of the stock. Of all stocks tracked, Texas Instruments had the 23rd highest net out-flow for the day. Texas Instruments traded up $2.61 for the day and closed at $119.44

TXN has been the subject of several recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $96.00 price target on shares of Texas Instruments in a report on Monday, September 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $95.00 price target on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 target price on shares of Texas Instruments in a report on Wednesday, October 4th. SunTrust Banks reaffirmed a “hold” rating and set a $86.00 target price on shares of Texas Instruments in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $99.84.

The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The firm has a market capitalization of $117,720.00, a price-to-earnings ratio of 27.21, a PEG ratio of 2.66 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Texas Instruments’s quarterly revenue was up 12.0% on a year-over-year basis. equities research analysts predict that Texas Instruments Incorporated will post 4.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 56.49%.

In other Texas Instruments news, Director Mark A. Blinn sold 16,990 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the transaction, the director now owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares in the company, valued at approximately $109,737,274.56. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 in the last three months. 0.96% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TXN. Patriot Financial Group Insurance Agency LLC lifted its position in Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Texas Instruments in the second quarter valued at about $112,000. Westside Investment Management Inc. lifted its position in Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 100 shares during the last quarter. Finally, Zions Bancorporation lifted its position in Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,410 shares during the last quarter. 83.89% of the stock is currently owned by institutional investors.

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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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