Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Chairman Sells $19,659,960.00 in Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $82,914,158.52. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Instruments Trading Down 3.5 %

Shares of NASDAQ:TXN opened at $191.30 on Friday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $174.15 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a 50-day simple moving average of $189.31 and a 200 day simple moving average of $197.65.

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

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TXN. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $209.20.

Hedge Funds Weigh In On Texas Instruments

Large investors have recently modified their holdings of the stock. Brucke Financial Inc. acquired a new position in Texas Instruments in the 4th quarter valued at about $378,000. ABLE Financial Group LLC boosted its holdings in shares of Texas Instruments by 5.6% during the fourth quarter. ABLE Financial Group LLC now owns 1,919 shares of the semiconductor company’s stock worth $360,000 after acquiring an additional 101 shares during the period. LM Advisors LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $970,000. Advisor Resource Council increased its stake in shares of Texas Instruments by 85.8% during the fourth quarter. Advisor Resource Council now owns 2,042 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 943 shares during the period. Finally, Integrated Advisors Network LLC lifted its holdings in Texas Instruments by 26.4% during the 4th quarter. Integrated Advisors Network LLC now owns 26,425 shares of the semiconductor company’s stock worth $4,955,000 after purchasing an additional 5,513 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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.