Texas Instruments Incorporated (NASDAQ:TXN) CEO Richard K. Templeton sold 160,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.77, for a total value of $18,683,200.00. Following the completion of the transaction, the chief executive officer now directly owns 930,287 shares of the company’s stock, valued at $108,629,612.99. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ:TXN traded down $2.42 during mid-day trading on Friday, hitting $106.79. The company had a trading volume of 6,148,533 shares, compared to its average volume of 5,554,949. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $119.32. The firm has a market capitalization of $100.19 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.
A number of equities research analysts have commented on TXN shares. Sanford C. Bernstein cut Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 target price on the stock. in a report on Monday, March 25th. Wells Fargo & Co decreased their price objective on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Nomura began coverage on Texas Instruments in a report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $124.00 price objective on shares of Texas Instruments in a report on Tuesday, April 30th. Finally, Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $111.18.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. HNP Capital LLC grew its stake in Texas Instruments by 1.3% in the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 95 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Texas Instruments by 3.4% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 100 shares in the last quarter. Northwest Bancshares Inc. grew its stake in Texas Instruments by 3.3% in the first quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 100 shares in the last quarter. Warren Averett Asset Management LLC grew its stake in Texas Instruments by 3.4% in the first quarter. Warren Averett Asset Management LLC now owns 3,042 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 100 shares in the last quarter. Finally, Abbot Financial Management Inc. grew its stake in Texas Instruments by 1.1% in the first quarter. Abbot Financial Management Inc. now owns 9,616 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 100 shares in the last quarter. 86.72% of the stock is currently owned by institutional investors and hedge funds.
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Texas Instruments Company Profile
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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