Traders Sell Shares of Texas Instruments (TXN) on Strength (TXN)
Investors sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading on Thursday. $88.17 million flowed into the stock on the tick-up and $151.13 million flowed out of the stock on the tick-down, for a money net flow of $62.96 million out of the stock. Of all companies tracked, Texas Instruments had the 14th highest net out-flow for the day. Texas Instruments traded up $1.39 for the day and closed at $100.25
Several equities research analysts have recently issued reports on TXN shares. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank increased their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America increased their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $94.16.
The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $97,008.73, a P/E ratio of 24.24, a P/E/G ratio of 2.35 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last posted its quarterly 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 company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.
Texas Instruments declared that its board has initiated a share buyback program on Thursday, September 21st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $97.44, for a total value of $23,263,800.00. Following the transaction, the insider now directly owns 189,234 shares in the company, valued at approximately $18,438,960.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the transaction, the chairman now owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,362,293 shares of company stock worth $131,754,396. Insiders own 0.96% of the company’s stock.
Several institutional investors have recently bought and sold shares of TXN. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after acquiring an additional 1,683,613 shares during the period. BlackRock Inc. increased its holdings in shares of Texas Instruments by 1.1% in the 2nd quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock worth $5,031,257,000 after acquiring an additional 681,821 shares during the period. Capital International Investors increased its holdings in shares of Texas Instruments by 3.0% in the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after acquiring an additional 435,938 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Texas Instruments by 16.5% in the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock worth $1,298,212,000 after acquiring an additional 2,055,040 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Texas Instruments by 0.4% in the 2nd quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock worth $1,042,864,000 after acquiring an additional 53,846 shares during the period. Institutional investors own 83.97% of the company’s stock.
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Texas Instruments Company Profile
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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