Mohammad Yunus Sells 3,778 Shares of Texas Instruments Incorporated (NASDAQ:TXN) Stock

Texas Instruments Incorporated (NASDAQ:TXN) VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Texas Instruments Trading Up 1.6 %

Shares of Texas Instruments stock opened at $211.09 on Friday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.41. The firm has a market capitalization of $192.19 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 4.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company’s fifty day moving average price is $198.76 and its two-hundred day moving average price is $185.30.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.46%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analysts Set New Price Targets

TXN has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, August 21st. Morgan Stanley raised their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $201.95.

Institutional Trading of Texas Instruments

A number of large investors have recently bought and sold shares of the stock. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares during the last quarter. Verity Asset Management Inc. grew its stake in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in shares of Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares in the last quarter. Pure Financial Advisors LLC raised its stake in shares of Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Texas Instruments by 14.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 55 shares in 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.