Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton Sells 97,000 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Texas Instruments Stock Down 0.4 %

Shares of Texas Instruments stock opened at $199.98 on Wednesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The company has a market cap of $182.05 billion, a P/E ratio of 38.53, a PEG ratio of 3.30 and a beta of 0.97. The company’s fifty day simple moving average is $188.91 and its two-hundred day simple moving average is $197.69.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the company earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Norges Bank bought a new position in Texas Instruments in the fourth quarter worth $2,584,490,000. Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the period. Invesco Ltd. increased its stake in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Texas Instruments during the 4th quarter valued at about $295,665,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $209.20.

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.