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.

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

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