Texas Instruments (TXN) Shares Gap Down to $114.34

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Texas Instruments Incorporated (NASDAQ:TXN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $116.94, but opened at $114.34. Texas Instruments shares last traded at $110.09, with a volume of 7651830 shares trading hands.

Several research firms have recently weighed in on TXN. Sanford C. Bernstein set a $130.00 price objective on Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, July 25th. Atlantic Securities began coverage on Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price objective on the stock. Zacks Investment Research lowered Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Finally, ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target 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 $111.16 billion, a PE ratio of 23.19, a P/E/G ratio of 2.19 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, topping the 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 the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $1.03 EPS. Texas Instruments’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts forecast that Texas Instruments Incorporated will post 5.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Tuesday, July 31st will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, July 30th. This represents a $2.48 annualized dividend and a yield of 2.25%. Texas Instruments’s dividend payout ratio is presently 57.94%.

In other news, insider Niels Anderskouv sold 102,595 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $110.10, for a total value of $11,295,709.50. Following the completion of the sale, the insider now directly owns 110,187 shares in the company, valued at approximately $12,131,588.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen A. Anderson sold 25,318 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total value of $2,824,222.90. Following the completion of the sale, the insider now owns 131,153 shares of the company’s stock, valued at $14,630,117.15. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gulf International Bank UK Ltd boosted its position in Texas Instruments by 1.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 316,213 shares of the semiconductor company’s stock valued at $34,862,000 after purchasing an additional 4,665 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Texas Instruments during the 1st quarter valued at approximately $1,049,000. Koch Industries Inc. boosted its position in Texas Instruments by 30.2% during the 1st quarter. Koch Industries Inc. now owns 13,520 shares of the semiconductor company’s stock valued at $1,405,000 after purchasing an additional 3,138 shares during the period. First Financial Bank Trust Division acquired a new position in Texas Instruments during the 2nd quarter valued at approximately $208,000. Finally, Culbertson A N & Co. Inc. boosted its position in Texas Instruments by 2.9% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 24,619 shares of the semiconductor company’s stock valued at $2,714,000 after purchasing an additional 690 shares during the period. Institutional investors and hedge funds own 84.41% of the company’s stock.

Texas Instruments Company Profile

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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