Texas Instruments Incorporated (NASDAQ:TXN) VP Shanon J. Leonard sells 2,816 shares

Texas Instruments Incorporated (NASDAQ:TXN – Get Your Free Report) VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.

Texas Instruments Price Performance

Shares of TXN stock opened at $210.69 on Wednesday. The company’s 50-day moving average is $198.25 and its 200-day moving average is $184.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62, and a quick ratio of 3.49. The firm has a market cap of $192.37 billion, a PE ratio of 32.87, a PEG ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $211.11.

Texas Instruments (NASDAQ:TXN – Get Your Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the firm earned $1.87 EPS. The company’s revenue fell 15.6% year over year. equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents an annualized dividend of $5.20 and a yield of 2.47%. Texas Instruments’ dividend payout ratio (DPR) is currently 81.12%.

Changes in Analyst Ratings

TXN has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Finally, Barclays boosted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $201.95, according to MarketBeat.com.

Check out our latest analysis on TXN

Institutional inputs and outputs

Large investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter worth approximately $31,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $31,000. Finally, Norwood Financial Corp bought a new stake in shares of Texas Instruments in the first quarter valued at about $32,000. Institutional investors own 84.99% of the company’s shares.

Texas Instruments Company Profile

(Get a free report)

Texas Instruments Incorporated designs, manufactures and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through the analog and embedded processing segments. The analog segment offers power products to handle power requirements at various voltage levels, including battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, reference voltage and lighting products.

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