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 on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $183.95 on Thursday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $171.38 and a 200 day moving average price of $163.58. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a market cap of $167.48 billion, a P/E ratio of 28.70, a PEG ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. KeyCorp upped 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. Finally, Robert W. Baird boosted their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Three investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $180.74.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of TXN. Verdence Capital Advisors LLC boosted its holdings in shares of Texas Instruments by 39.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Texas Instruments by 22.8% in the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,114 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 950 shares during the period. Chatham Capital Group Inc. increased its stake in shares of Texas Instruments by 12.6% during the 3rd quarter. Chatham Capital Group Inc. now owns 13,595 shares of the semiconductor company’s stock valued at $2,162,000 after acquiring an additional 1,524 shares during the last quarter. Castleview Partners LLC increased its position in Texas Instruments by 463.1% during the third quarter. Castleview Partners LLC now owns 2,348 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 1,931 shares during the last quarter. Finally, Sky Investment Group LLC raised its position in shares of Texas Instruments by 0.4% in the 3rd quarter. Sky Investment Group LLC now owns 48,624 shares of the semiconductor company’s stock worth $7,732,000 after buying an additional 175 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.