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.
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.
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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