Richard K. Templeton Sells 104,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Instruments Stock Up 1.8 %

Shares of Texas Instruments stock opened at $178.91 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The stock has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The firm’s 50-day moving average is $170.68 and its two-hundred day moving average is $162.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $1.85 EPS. The company’s revenue was down 16.4% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXN. Cantor Fitzgerald reissued a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. TD Cowen raised their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.74.

Institutional Trading of Texas Instruments

Institutional investors have recently modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Finally, Annapolis Financial Services LLC raised its position in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. 84.99% of the stock is currently 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.