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

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

Texas Instruments Stock Performance

Shares of TXN opened at $199.19 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $181.71 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The stock’s 50-day simple moving average is $204.33 and its 200 day simple moving average is $200.69.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.80 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TXN. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Wells Fargo & Company began coverage on Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price objective for the company. Robert W. Baird decreased their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Skandinaviska Enskilda Banken AB publ increased its stake in Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after acquiring an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Texas Instruments by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC raised its stake in Texas Instruments by 106.4% in the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company’s stock valued at $2,526,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock worth $19,353,000 after buying an additional 5,201 shares in the last quarter. 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.