Insider Selling: Texas Instruments Incorporated (NASDAQ:TXN) Chairman Sells 97,000 Shares of Stock

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $1.60 during midday trading on Monday, reaching $194.39. 6,140,461 shares of the company traded hands, compared to its average volume of 6,606,421. 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 12 month low of $159.11 and a 12 month high of $220.38. The firm has a market capitalization of $176.96 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm's fifty day moving average price is $189.57 and its two-hundred day moving average price is $197.64.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the business posted $1.49 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.80%. Texas Instruments's dividend payout ratio is currently 104.82%.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Mizuho decreased their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Truist Financial cut their price objective on 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 reissued a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Barclays dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus price target of $209.20.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the last quarter. State Street Corp increased its stake in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock worth $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Geode Capital Management LLC increased its stake in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after acquiring an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Texas Instruments during the 4th quarter valued at about $2,584,490,000. 84.99% of the stock is currently owned by institutional investors.

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.