Texas Instruments (NASDAQ:TXN) Director Jean Hobby Sells 8,758 Shares of Company Stock

Texas Instruments Incorporated (NASDAQ:TXN) Director Jean Hobby sold 8,758 shares of the firm’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $308.92, for a total value of $2,705,521.36. Following the sale, the director owned 4,627 shares of the company’s stock, valued at $1,429,372.84. The trade was a 65.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Texas Instruments Stock Down 2.8%

NASDAQ:TXN traded down $8.88 on Friday, hitting $303.60. 5,228,771 shares of the company’s stock traded hands, compared to its average volume of 9,484,298. The company has a market cap of $277.42 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $283.87 and a 200-day moving average price of $264.14.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 8.99 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were paid a $1.52 dividend. The ex-dividend date was Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.0%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio (DPR) is currently 78.86%.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Texas Instruments in the second quarter worth approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new position in shares of Texas Instruments during the 2nd quarter worth $4,488,666,000. Bank of America Corp DE bought a new position in shares of Texas Instruments during the 2nd quarter valued at $3,700,842,000. Primecap Management Co. CA bought a new position in shares of Texas Instruments during the 2nd quarter valued at $2,538,063,000. Finally, Legal & General Group Plc bought a new position in shares of Texas Instruments during the 2nd quarter valued at $1,918,277,000. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, October 20th. Arete Research lowered their price target on shares of Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price target on the stock in a research note on Wednesday, October 28th. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. Finally, KeyCorp increased their price objective on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.37.

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems. The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.