Texas Instruments Incorporated (NASDAQ:TXN) insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $104.47 on Monday. Texas Instruments Incorporated has a 12-month low of $75.66 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The firm has a market capitalization of $102,960.00, a price-to-earnings ratio of 29.02, a PEG ratio of 2.19 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. research analysts forecast that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. Sanford C. Bernstein set a $125.00 target price on Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, January 24th. B. Riley restated a “neutral” rating and set a $110.00 target price (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Nomura boosted their target price on Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. KeyCorp restated a “hold” rating on shares of Texas Instruments in a report on Friday, November 24th. Finally, SunTrust Banks restated a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a report on Wednesday, October 25th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $109.65.
A number of large investors have recently bought and sold shares of the stock. We Are One Seven LLC purchased a new position in Texas Instruments in the fourth quarter valued at $144,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Texas Instruments by 53.2% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 52,143 shares of the semiconductor company’s stock valued at $5,446,000 after buying an additional 18,100 shares during the last quarter. WealthPLAN Partners LLC increased its holdings in Texas Instruments by 9.2% in the fourth quarter. WealthPLAN Partners LLC now owns 13,853 shares of the semiconductor company’s stock valued at $1,447,000 after buying an additional 1,171 shares during the last quarter. Slow Capital Inc. purchased a new position in Texas Instruments in the fourth quarter valued at $1,390,000. Finally, Banco de Sabadell S.A purchased a new position in Texas Instruments in the fourth quarter valued at $2,492,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
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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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