Investors sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading hours on Wednesday. $88.07 million flowed into the stock on the tick-up and $145.23 million flowed out of the stock on the tick-down, for a money net flow of $57.16 million out of the stock. Of all stocks tracked, Texas Instruments had the 16th highest net out-flow for the day. Texas Instruments traded up $0.70 for the day and closed at $104.80

TXN has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Robert W. Baird increased their target price on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank increased their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America increased their target price on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.67.

The firm has a market capitalization of $101,778.84, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.27. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $0.94 earnings per share. Texas Instruments’s revenue was up 12.0% compared to the same quarter last year. equities analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.

Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In related news, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the sale, the director now owns 18,495 shares in the company, valued at $1,783,657.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the sale, the insider now owns 189,234 shares in the company, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Enterprise Financial Services Corp boosted its holdings in shares of Texas Instruments by 0.3% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 4 shares during the last quarter. Financial Advisory Service Inc. boosted its holdings in shares of Texas Instruments by 0.4% in the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 12 shares during the last quarter. Highland Private Wealth Management boosted its holdings in shares of Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 25 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 26 shares during the last quarter. Finally, RB Capital Management LLC boosted its holdings in shares of Texas Instruments by 0.6% in the 2nd quarter. RB Capital Management LLC now owns 5,207 shares of the semiconductor company’s stock valued at $401,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

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About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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