R Gregory Delagi Sells 238,750 Shares of Texas Instruments Incorporated (TXN) Stock
Texas Instruments Incorporated (NASDAQ:TXN) 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 transaction of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The transaction was disclosed in a document filed with the SEC, which is available at this link.
R Gregory Delagi also recently made the following trade(s):
- On Friday, November 3rd, R Gregory Delagi sold 61,250 shares of Texas Instruments stock. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50.
Shares of Texas Instruments Incorporated (TXN) opened at $98.40 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The stock has a market cap of $96,950.00, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.36 and a beta of 1.28. Texas Instruments Incorporated has a 12 month low of $67.60 and a 12 month high of $99.05.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. analysts expect that Texas Instruments Incorporated will post 4.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s payout ratio is 56.49%.
Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 74% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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Several large investors have recently modified their holdings of the stock. American Beacon Advisors Inc. bought a new stake in Texas Instruments during the first quarter valued at $101,000. Patriot Financial Group Insurance Agency LLC increased its stake in Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Texas Instruments by 8.4% during the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares during the last quarter. Balentine LLC increased its stake in Texas Instruments by 6.5% during the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares during the last quarter. Finally, MV Capital Management Inc. increased its stake in Texas Instruments by 7.6% during the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.
A number of brokerages have recently commented on TXN. Drexel Hamilton lifted their price target on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. B. Riley reiterated a “neutral” rating and set a $89.00 price target on shares of Texas Instruments in a report on Monday, July 31st. Cowen and Company reiterated a “market perform” rating and set a $85.00 price target (up from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Barclays PLC lowered their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Texas Instruments has an average rating of “Buy” and an average price target of $93.85.
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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