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

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Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading hours on Tuesday. $143.13 million flowed into the stock on the tick-up and $214.95 million flowed out of the stock on the tick-down, for a money net flow of $71.82 million out of the stock. Of all companies tracked, Texas Instruments had the 0th highest net out-flow for the day. Texas Instruments traded up $3.58 for the day and closed at $92.99

Several research firms recently commented on TXN. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. B. Riley increased 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. Royal Bank of Canada reduced their price objective on Texas Instruments to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Atlantic Securities began coverage on Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price objective for the company. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $115.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the company. Texas Instruments presently has a consensus rating of “Hold” and an average target price of $117.11.

The company has a market capitalization of $88.04 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a $0.77 dividend. The ex-dividend date is Tuesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.31%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 20th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In related news, Director Martin S. Craighead bought 10,900 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average cost of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares of the company’s stock, valued at $1,201,270. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.84% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth about $100,000. Centaurus Financial Inc. acquired a new stake in shares of Texas Instruments during the 2nd quarter worth about $101,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth about $105,000. Kwmg LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth about $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Texas Instruments during the 3rd quarter worth about $107,000. 84.21% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Company Profile (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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