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

Texas Instruments Incorporated (NASDAQ:TXN) Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Texas Instruments Price Performance

TXN stock traded up $1.03 during midday trading on Wednesday, reaching $181.59. The stock had a trading volume of 5,939,402 shares, compared to its average volume of 6,943,874. The company’s fifty day simple moving average is $190.84 and its 200 day simple moving average is $198.44. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $165.65 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the firm posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on TXN. Truist Financial reduced their price target 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. Morgan Stanley boosted their price target 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. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Benchmark reiterated a “buy” rating and set 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 issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently bought and sold shares of the company. Czech National Bank grew its position in shares of Texas Instruments by 7.2% during the third quarter. Czech National Bank now owns 185,997 shares of the semiconductor company’s stock worth $38,421,000 after buying an additional 12,496 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Texas Instruments by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 12,586 shares of the semiconductor company’s stock worth $2,600,000 after buying an additional 188 shares in the last quarter. Diversified Trust Co grew its position in shares of Texas Instruments by 30.3% during the third quarter. Diversified Trust Co now owns 8,746 shares of the semiconductor company’s stock worth $1,807,000 after buying an additional 2,033 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of Texas Instruments by 13.7% during the third quarter. Miracle Mile Advisors LLC now owns 9,830 shares of the semiconductor company’s stock worth $2,031,000 after buying an additional 1,183 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in Texas Instruments by 1.3% during the third quarter. Fulton Bank N.A. now owns 7,466 shares of the semiconductor company’s stock worth $1,542,000 after purchasing an additional 93 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.