Traders Sell Shares of Texas Instruments (TXN) on Strength on Insider Selling

Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading hours on Monday after an insider sold shares in the company. $87.51 million flowed into the stock on the tick-up and $186.86 million flowed out of the stock on the tick-down, for a money net flow of $99.35 million out of the stock. Of all equities tracked, Texas Instruments had the 7th highest net out-flow for the day. Texas Instruments traded up $0.60 for the day and closed at $95.66Specifically, insider Kyle M. Flessner sold 16,088 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now directly owns 43,270 shares of the company’s stock, valued at $4,067,380. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martin S. Craighead bought 10,900 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was bought at an average cost of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the purchase, the director now owns 13,100 shares of the company’s stock, valued at approximately $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is owned by corporate insiders.

TXN has been the topic of a number of recent research reports. Atlantic Securities initiated coverage on Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 target price on the stock. Longbow Research raised Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 11th. Royal Bank of Canada increased their target price on Texas Instruments from $125.00 to $127.00 and gave the stock a “$115.68” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Thursday, July 19th. Finally, Mizuho reissued a “hold” rating on shares of Texas Instruments in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and an average target price of $117.11.

The firm has a market cap of $92.42 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be issued a $0.77 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.22%. Texas Instruments’s dividend payout ratio is currently 71.96%.

Texas Instruments declared that its board has authorized a share repurchase plan on Thursday, September 20th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of the business. Brookstone Capital Management lifted its holdings in Texas Instruments by 24.8% in the third quarter. Brookstone Capital Management now owns 4,590 shares of the semiconductor company’s stock valued at $492,000 after acquiring an additional 913 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Texas Instruments by 13.3% in the third quarter. Janney Montgomery Scott LLC now owns 134,879 shares of the semiconductor company’s stock valued at $14,471,000 after acquiring an additional 15,796 shares during the period. Holistic Financial Partners bought a new position in Texas Instruments in the third quarter valued at about $292,000. Psagot Investment House Ltd. bought a new position in Texas Instruments in the third quarter valued at about $130,000. Finally, Pendal Group Ltd lifted its holdings in Texas Instruments by 31.9% in the third quarter. Pendal Group Ltd now owns 207,704 shares of the semiconductor company’s stock valued at $22,285,000 after acquiring an additional 50,253 shares during the period. 84.41% of the stock is currently owned by institutional investors.

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Texas Instruments Company Profile (NASDAQ:TXN)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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