Texas Instruments Inc. (NASDAQ:TXN) insider Brian T. Crutcher sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $70.69, for a total transaction of $1,060,350.00. Following the sale, the insider now directly owns 309,250 shares of the company’s stock, valued at approximately $21,860,882.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Texas Instruments Inc. (NASDAQ:TXN) traded up 0.24% during trading on Wednesday, hitting $71.20. 4,880,387 shares of the stock were exchanged. The stock has a market cap of $71.16 billion, a P/E ratio of 22.60 and a beta of 1.28. The stock’s 50 day moving average price is $69.74 and its 200 day moving average price is $65.98. Texas Instruments Inc. has a 12 month low of $46.73 and a 12 month high of $72.58.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. Texas Instruments had a net margin of 24.73% and a return on equity of 31.60%. The company had revenue of $3.68 billion for the quarter. During the same period last year, the firm earned $0.76 earnings per share. Texas Instruments’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that Texas Instruments Inc. will post $3.16 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

The company also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Shareholders of record on Monday, November 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This is an increase from Texas Instruments’s previous quarterly dividend of $0.38. This represents a $2.00 dividend on an annualized basis and a yield of 2.82%. Texas Instruments’s payout ratio is 63.49%.

TXN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, July 27th. RBC Capital Markets boosted their price objective on shares of Texas Instruments from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Bank of America Corp. raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, July 26th. Drexel Hamilton boosted their price objective on shares of Texas Instruments from $71.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Finally, Jefferies Group boosted their price objective on shares of Texas Instruments from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.43.

Institutional investors have recently modified their holdings of the company. Hudock Capital Group LLC increased its stake in Texas Instruments by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,962 shares of the company’s stock worth $137,000 after buying an additional 5 shares during the period. Tradewinds Capital Management LLC increased its stake in Texas Instruments by 0.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,972 shares of the company’s stock worth $138,000 after buying an additional 6 shares during the period. Oakworth Capital Inc. increased its stake in Texas Instruments by 0.9% in the third quarter. Oakworth Capital Inc. now owns 1,966 shares of the company’s stock worth $138,000 after buying an additional 17 shares during the period. Kanaly Trust Co increased its stake in Texas Instruments by 0.4% in the third quarter. Kanaly Trust Co now owns 5,690 shares of the company’s stock worth $399,000 after buying an additional 20 shares during the period. Finally, Pillar Pacific Capital Management LLC increased its stake in Texas Instruments by 0.8% in the second quarter. Pillar Pacific Capital Management LLC now owns 3,982 shares of the company’s stock worth $249,000 after buying an additional 32 shares during the period. 87.70% of the stock is currently owned by institutional investors.

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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

5 Day Chart for NASDAQ:TXN

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