Texas Instruments Incorporated (NASDAQ:TXN) CEO Sells $251,328.00 in Stock

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Texas Instruments Stock Down 1.4 %

Texas Instruments stock traded down $2.95 during mid-day trading on Wednesday, hitting $207.74. The company's stock had a trading volume of 3,993,367 shares, compared to its average volume of 5,534,885. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $211.27. The firm's 50 day moving average is $198.25 and its 200 day moving average is $184.81. The company has a market cap of $189.68 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during 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 quarterly revenue was down 15.6% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed 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 was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.50%. Texas Instruments's payout ratio is 81.12%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Souders Financial Advisors increased its stake in shares of Texas Instruments by 2.5% during the 2nd quarter. Souders Financial Advisors now owns 18,385 shares of the semiconductor company's stock worth $3,576,000 after purchasing an additional 450 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Texas Instruments by 15.5% during the 2nd quarter. Clearbridge Investments LLC now owns 994,222 shares of the semiconductor company's stock valued at $193,406,000 after acquiring an additional 133,606 shares during the last quarter. Wealthquest Corp bought a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $224,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Texas Instruments by 3.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 123,846 shares of the semiconductor company's stock worth $24,092,000 after purchasing an additional 4,092 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Texas Instruments by 0.8% during the second quarter. Cetera Investment Advisers now owns 201,746 shares of the semiconductor company's stock worth $39,246,000 after purchasing an additional 1,561 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a research note on Wednesday, July 17th. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, Evercore ISI boosted their price target on Texas Instruments from $255.00 to $268.00 and gave the company an "outperform" rating in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $201.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.