Traders Sell Texas Instruments (TXN) on Strength (TXN)
Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading on Thursday. $63.03 million flowed into the stock on the tick-up and $96.63 million flowed out of the stock on the tick-down, for a money net flow of $33.60 million out of the stock. Of all equities tracked, Texas Instruments had the 27th highest net out-flow for the day. Texas Instruments traded up $0.97 for the day and closed at $110.67
A number of research firms have weighed in on TXN. Royal Bank of Canada reiterated a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a research note on Thursday, January 4th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Morgan Stanley increased their price target on Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. KeyCorp reissued a “hold” rating on shares of Texas Instruments in a research report on Friday, November 24th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $110.00 price target (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.51.
The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The stock has a market cap of $109,070.00, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. sell-side analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current year.
Texas Instruments announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 21st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other news, CEO Richard K. Templeton sold 190,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.88, for a total value of $18,407,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,137,056 shares in the company, valued at $110,157,985.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the transaction, the senior vice president now owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The disclosure for this sale can be found here. In the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. Corporate insiders own 0.96% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Highland Private Wealth Management raised its position in Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares in the last quarter. Hudock Capital Group LLC raised its position in Texas Instruments by 1.3% during the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 26 shares in the last quarter. Carret Asset Management LLC raised its position in Texas Instruments by 0.7% during the second quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 43 shares in the last quarter. C M Bidwell & Associates Ltd. raised its position in Texas Instruments by 0.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after acquiring an additional 45 shares in the last quarter. Finally, RNC Capital Management LLC raised its position in Texas Instruments by 0.7% during the second quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.
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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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