Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Director Sells 6,065 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ:TXN opened at $199.98 on Wednesday. The company has a market cap of $182.05 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.30 and a beta of 0.97. The firm’s 50-day simple moving average is $188.91 and its 200-day simple moving average is $197.69. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the business earned $1.49 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in TXN. Howard Capital Management Group LLC acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $202,000. NorthCrest Asset Manangement LLC raised its position in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after buying an additional 52 shares during the last quarter. PFG Investments LLC grew its holdings in Texas Instruments by 6.0% in the third quarter. PFG Investments LLC now owns 5,322 shares of the semiconductor company’s stock valued at $1,099,000 after purchasing an additional 300 shares during the period. Modera Wealth Management LLC grew its holdings in Texas Instruments by 1.7% in the third quarter. Modera Wealth Management LLC now owns 8,868 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 148 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in Texas Instruments by 4.0% in the third quarter. J.W. Cole Advisors Inc. now owns 11,897 shares of the semiconductor company’s stock valued at $2,458,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TXN shares. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho dropped their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

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.