Richard K. Templeton Sells 100,440 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $182.67 on Wednesday. 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 has a market cap of $166.32 billion, a PE ratio of 28.50, a P/E/G ratio of 3.81 and a beta of 1.01. The firm has a 50 day simple moving average of $171.38 and a 200-day simple moving average of $163.58. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company earned $1.85 EPS. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.85%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TXN shares. Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. KeyCorp increased their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $180.74.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keudell Morrison Wealth Management increased its position in Texas Instruments by 1.5% during the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 59 shares during the last quarter. Chemistry Wealth Management LLC raised its position in shares of Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its holdings in Texas Instruments by 10.4% in the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 65 shares during the last quarter. Guardian Wealth Management Inc. boosted its holdings in Texas Instruments by 0.6% in the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after acquiring an additional 65 shares during the last quarter. Finally, Buckley Wealth Management LLC grew its position in Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after acquiring an additional 65 shares during the period. 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.