Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $3,497,650.00 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Carrie Smith Cox sold 26,905 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $130.00, for a total value of $3,497,650.00. Following the completion of the sale, the director now directly owns 46,221 shares of the company’s stock, valued at $6,008,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ TXN opened at $131.64 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $93.09 and a fifty-two week high of $137.65. The company has a 50 day simple moving average of $128.18 and a two-hundred day simple moving average of $119.70. The company has a market capitalization of $120.82 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.94 and a current ratio of 3.92.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.60. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.96 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. During the same quarter last year, the firm earned $1.36 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.

A number of analysts have recently issued reports on TXN shares. Mizuho raised their price objective on Texas Instruments from $111.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Susquehanna Bancshares raised their price objective on Texas Instruments from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. UBS Group raised their price objective on Texas Instruments from $130.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. SunTrust Banks raised their price objective on Texas Instruments from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Barclays raised their price objective on Texas Instruments from $105.00 to $120.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $134.00.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Texas Instruments by 0.8% during the first quarter. BlackRock Inc. now owns 69,820,163 shares of the semiconductor company’s stock valued at $6,977,130,000 after acquiring an additional 535,667 shares in the last quarter. State Street Corp increased its position in shares of Texas Instruments by 1.9% during the first quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock valued at $4,084,587,000 after acquiring an additional 770,202 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Texas Instruments by 115.6% during the first quarter. Wellington Management Group LLP now owns 21,559,378 shares of the semiconductor company’s stock valued at $2,154,430,000 after acquiring an additional 11,560,600 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Texas Instruments by 1.3% during the first quarter. Geode Capital Management LLC now owns 15,754,611 shares of the semiconductor company’s stock valued at $1,572,007,000 after acquiring an additional 205,466 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Texas Instruments by 30.4% during the first quarter. Bank of New York Mellon Corp now owns 14,416,637 shares of the semiconductor company’s stock valued at $1,440,655,000 after acquiring an additional 3,357,505 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

About Texas Instruments

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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