Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Director Sells $1,789,408.80 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Instruments Stock Up 1.8 %

Shares of NASDAQ:TXN opened at $178.91 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm’s 50 day moving average price is $170.37 and its 200 day moving average price is $162.81. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Finally, Annapolis Financial Services LLC boosted its stake in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial lifted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Finally, KeyCorp upped their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Company Profile

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.