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 Monday. $118.91 million flowed into the stock on the tick-up and $236.54 million flowed out of the stock on the tick-down, for a money net flow of $117.63 million out of the stock. Of all companies tracked, Texas Instruments had the 19th highest net out-flow for the day. Texas Instruments traded up $1.45 for the day and closed at $101.94
TXN has been the topic of several analyst reports. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays lifted their price objective on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Texas Instruments in a report on Friday, October 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Texas Instruments in a report on Monday, October 23rd. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $109.65.
The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $100,470.00, a PE ratio of 28.32, a P/E/G ratio of 2.11 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio is currently 68.89%.
In related news, insider Haren Julie Van sold 19,125 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $105.48, for a total value of $2,017,305.00. Following the transaction, the insider now directly owns 29,578 shares of the company’s stock, valued at approximately $3,119,887.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bing Xie sold 15,877 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total value of $1,733,927.17. Following the completion of the transaction, the insider now directly owns 63,048 shares in the company, valued at $6,885,472.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 707,677 shares of company stock worth $78,161,034. Insiders own 0.96% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TXN. Janus Henderson Group PLC lifted its position in Texas Instruments by 729.1% in the 2nd quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after acquiring an additional 10,928,410 shares in the last quarter. American International Group Inc. lifted its position in Texas Instruments by 1,093.2% in the 4th quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock valued at $586,066,000 after acquiring an additional 5,141,210 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Texas Instruments by 864.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock valued at $213,205,000 after acquiring an additional 2,131,883 shares in the last quarter. Jennison Associates LLC lifted its position in Texas Instruments by 31.0% in the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock valued at $909,512,000 after acquiring an additional 2,061,255 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after buying an additional 1,683,613 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.
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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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