Traders Buy Shares of Texas Instruments (TXN) on Weakness

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Traders purchased shares of Texas Instruments Incorporated (NASDAQ:TXN) on weakness during trading on Friday. $147.72 million flowed into the stock on the tick-up and $85.00 million flowed out of the stock on the tick-down, for a money net flow of $62.72 million into the stock. Of all stocks tracked, Texas Instruments had the 12th highest net in-flow for the day. Texas Instruments traded down ($0.36) for the day and closed at $105.36

TXN has been the subject of a number of research reports. Bank of America raised their price objective on Texas Instruments from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. BidaskClub cut Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research cut Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. B. Riley raised their price objective on Texas Instruments from $115.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $157.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $121.64.

The firm has a market capitalization of $101.63 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. equities analysts expect that Texas Instruments Incorporated will post 5.49 EPS for the current fiscal year.

In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the sale, the insider now directly owns 131,153 shares in the company, valued at $14,630,117.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd raised its stake in shares of Texas Instruments by 1.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 316,213 shares of the semiconductor company’s stock valued at $34,862,000 after purchasing an additional 4,665 shares during the period. Bridgeworth LLC grew its position in Texas Instruments by 28.7% during the second quarter. Bridgeworth LLC now owns 3,064 shares of the semiconductor company’s stock worth $337,000 after buying an additional 683 shares in the last quarter. AustralianSuper Pty Ltd grew its position in Texas Instruments by 14.1% during the second quarter. AustralianSuper Pty Ltd now owns 1,461,000 shares of the semiconductor company’s stock worth $161,075,000 after buying an additional 179,993 shares in the last quarter. Independent Advisor Alliance grew its position in Texas Instruments by 27.9% during the second quarter. Independent Advisor Alliance now owns 7,102 shares of the semiconductor company’s stock worth $661,000 after buying an additional 1,551 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new position in Texas Instruments during the second quarter worth about $282,741,000. Institutional investors own 84.39% of the company’s stock.

About Texas Instruments (NASDAQ:TXN)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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