Texas Instruments Incorporated (NASDAQ:TXN) Director Mark A. Blinn Sells 590 Shares

Texas Instruments Incorporated (NASDAQ:TXN) Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Instruments Stock Up 0.6 %

Shares of NASDAQ:TXN traded up $1.03 during midday trading on Wednesday, reaching $181.59. The company’s stock had a trading volume of 5,939,402 shares, compared to its average volume of 6,943,874. The firm has a 50 day moving average of $190.84 and a 200-day moving average of $198.44. The firm has a market capitalization of $165.65 billion, a P/E ratio of 34.99, a PEG ratio of 2.94 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the firm posted $1.49 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Institutional Trading of Texas Instruments

Several institutional investors have recently bought and sold shares of the company. Bailard Inc. boosted its holdings in shares of Texas Instruments by 0.6% during the 4th quarter. Bailard Inc. now owns 68,284 shares of the semiconductor company’s stock valued at $12,804,000 after acquiring an additional 425 shares during the last quarter. Norden Group LLC boosted its holdings in shares of Texas Instruments by 5.5% during the 4th quarter. Norden Group LLC now owns 30,088 shares of the semiconductor company’s stock valued at $5,642,000 after acquiring an additional 1,560 shares during the last quarter. Kinsale Capital Group Inc. boosted its holdings in shares of Texas Instruments by 12.2% during the 4th quarter. Kinsale Capital Group Inc. now owns 39,819 shares of the semiconductor company’s stock valued at $7,466,000 after acquiring an additional 4,342 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Texas Instruments by 27.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,947 shares of the semiconductor company’s stock worth $1,870,000 after purchasing an additional 2,138 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Robert W. Baird lowered their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.