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 firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,914,158.52. The trade was a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Texas Instruments Stock Down 0.4 %

Texas Instruments stock opened at $199.98 on Wednesday. The firm has a market capitalization of $182.05 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock’s fifty day moving average is $188.91 and its two-hundred day moving average is $197.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $1.49 EPS. Analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TXN. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered 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. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.20.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently bought and sold shares of TXN. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the last quarter. State Street Corp boosted its stake in shares of Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Geode Capital Management LLC increased its position in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Finally, Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.