Texas Instruments Inc. (NASDAQ:TXN) VP Darla H. Whitaker sold 160,403 shares of Texas Instruments stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $70.98, for a total value of $11,385,404.94. Following the completion of the transaction, the vice president now directly owns 174,917 shares in the company, valued at $12,415,608.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, July 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded down 0.21% during midday trading on Wednesday, hitting $71.27. The stock had a trading volume of 13,973,426 shares. The stock has a market capitalization of $71.57 billion and a price-to-earnings ratio of 24.87. Texas Instruments Inc. has a 52 week low of $43.49 and a 52 week high of $72.58. The stock has a 50 day moving average price of $63.27 and a 200-day moving average price of $57.57.
Several equities analysts have recently weighed in on TXN shares. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, April 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, April 19th. Jefferies Group lifted their price objective on Texas Instruments from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Drexel Hamilton lifted their price objective on Texas Instruments from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Thursday, April 28th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $65.86.
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Company’s Analog segment includes the following product lines: High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog.
