Texas Instruments Incorporated (NASDAQ:TXN) Director Ronald Kirk Sells 10,539 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Texas Instruments Stock Down 1.0 %

Shares of TXN opened at $200.95 on Wednesday. The company’s 50-day moving average price is $204.53 and its 200 day moving average price is $200.71. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $183.31 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently modified their holdings of TXN. Peapack Gladstone Financial Corp grew its position in Texas Instruments by 0.4% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 51,555 shares of the semiconductor company’s stock valued at $10,651,000 after acquiring an additional 218 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Texas Instruments by 11.1% in the third quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock valued at $9,726,000 after purchasing an additional 4,690 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of Texas Instruments by 156.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock valued at $9,496,000 after purchasing an additional 28,012 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $2,470,000. Finally, World Investment Advisors LLC lifted its holdings in Texas Instruments by 156.4% during the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock worth $1,444,000 after buying an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of research reports. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Truist Financial reduced their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned 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 price target of $210.05.

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.