Traders Buy Shares of Texas Instruments (TXN) on Weakness

Traders bought shares of Texas Instruments Incorporated (NASDAQ:TXN) on weakness during trading hours on Wednesday. $159.17 million flowed into the stock on the tick-up and $83.36 million flowed out of the stock on the tick-down, for a money net flow of $75.81 million into the stock. Of all equities tracked, Texas Instruments had the 7th highest net in-flow for the day. Texas Instruments traded down ($1.33) for the day and closed at $106.22

A number of research analysts have recently weighed in on the company. BidaskClub cut Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Loop Capital assumed coverage on Texas Instruments in a research report on Thursday, June 21st. They set a “buy” rating and a $135.00 price objective on the stock. Zacks Investment Research cut Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 30th. Atlantic Securities assumed coverage on Texas Instruments in a research report on Tuesday, July 10th. They set an “overweight” rating and a $130.00 price objective on the stock. Finally, Longbow Research raised Texas Instruments from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and an average target price of $121.64.

The company has a quick ratio of 5.12, a current ratio of 6.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $106.75 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.10 and a beta of 1.18.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. analysts anticipate that Texas Instruments Incorporated will post 5.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Wednesday, October 31st will be issued a $0.77 dividend. The ex-dividend date is Tuesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 2.90%. Texas Instruments’s payout ratio is currently 57.94%.

Texas Instruments declared that its board has approved a share buyback program on Thursday, September 20th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of Texas Instruments stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the sale, the insider now owns 131,153 shares of the company’s stock, valued at approximately $14,630,117.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in TXN. FMR LLC boosted its holdings in Texas Instruments by 19.7% during the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock valued at $1,423,082,000 after acquiring an additional 2,120,260 shares during the period. Wells Fargo & Company MN boosted its holdings in Texas Instruments by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock valued at $845,038,000 after acquiring an additional 45,800 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Texas Instruments by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock valued at $675,592,000 after acquiring an additional 123,780 shares during the period. Schroder Investment Management Group boosted its holdings in Texas Instruments by 39.1% during the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock valued at $357,662,000 after acquiring an additional 921,101 shares during the period. Finally, Swiss National Bank boosted its holdings in Texas Instruments by 2.9% during the 2nd quarter. Swiss National Bank now owns 3,252,894 shares of the semiconductor company’s stock valued at $358,632,000 after acquiring an additional 90,700 shares during the period. 83.97% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments (NASDAQ:TXN)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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