Traders Sell Shares of Texas Instruments (TXN) on Strength (TXN)

Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading hours on Tuesday. $80.81 million flowed into the stock on the tick-up and $157.49 million flowed out of the stock on the tick-down, for a money net flow of $76.68 million out of the stock. Of all stocks tracked, Texas Instruments had the 0th highest net out-flow for the day. Texas Instruments traded up $0.75 for the day and closed at $110.39

TXN has been the topic of a number of research reports. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 price objective (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reissued a “hold” rating and issued a $97.00 price objective (up previously from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. BidaskClub cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $95.51.

The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. The firm has a market cap of $108,120.00, a P/E ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The firm 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 company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. equities research analysts predict that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.

Texas Instruments announced that its board has approved a stock buyback plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, COO Brian T. Crutcher sold 68,687 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the completion of the transaction, the chief operating officer now directly owns 346,428 shares of the company’s stock, valued at approximately $33,291,730.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 450,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the transaction, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at $109,737,274.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,362,293 shares of company stock valued at $131,754,396. Company insiders own 0.96% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC lifted its stake in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Texas Instruments in the 2nd quarter worth approximately $112,000. Westside Investment Management Inc. lifted its stake in Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares in the last quarter. Finally, Zions Bancorporation lifted its stake in Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares in the last quarter. 83.82% of the stock is owned by 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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