Kyle M. Flessner Sells 43,068 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the sale, the vice president now directly owns 66,822 shares in the company, valued at approximately $11,955,124.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $183.47 on Thursday. The firm has a market capitalization of $167.64 billion, a P/E ratio of 20.07, a PEG ratio of 2.05 and a beta of 1.02. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The company’s fifty day moving average is $161.90 and its two-hundred day moving average is $169.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Monday, August 1st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $4.60 annualized dividend and a dividend yield of 2.51%. Texas Instruments’s payout ratio is currently 50.33%.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. StockNews.com raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Jefferies Financial Group cut their price objective on shares of Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Morgan Stanley raised their price objective on shares of Texas Instruments from $155.00 to $160.00 and gave the stock an “underweight” rating in a report on Wednesday, July 27th. Benchmark started coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They set a “buy” rating and a $205.00 price objective on the stock. Finally, DZ Bank lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $182.43.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. boosted its position in shares of Texas Instruments by 280.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Enterprise Trust & Investment Co acquired a new position in shares of Texas Instruments during the 2nd quarter worth $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Texas Instruments by 81.7% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth $28,000. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Instruments

(Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

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