Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton Sells 104,000 Shares

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Texas Instruments Price Performance

NASDAQ TXN opened at $175.20 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm’s 50 day moving average price is $170.17 and its 200-day moving average price is $162.71. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a market cap of $159.52 billion, a PE ratio of 27.33, a P/E/G ratio of 3.76 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TXN. Evercore ISI increased their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Susquehanna increased their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Benchmark reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. KeyCorp upped their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $180.74.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently bought and sold shares of the company. AXQ Capital LP boosted its stake in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after buying an additional 155 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares during the last quarter. Finally, Chicago Capital LLC raised its holdings in shares of Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after buying an additional 8,311 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.