Shares of Texas Instruments Incorporated (NASDAQ:TXN) gapped up prior to trading on Tuesday . The stock had previously closed at $102.56, but opened at $104.73. Texas Instruments shares last traded at $107.00, with a volume of 4977244 shares traded.

A number of equities analysts have commented on TXN shares. Longbow Research downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective for the company. in a report on Wednesday, April 17th. Nomura started coverage on shares of Texas Instruments in a report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price objective for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Texas Instruments in a report on Wednesday, January 23rd. SunTrust Banks lifted their price objective on shares of Texas Instruments from $93.00 to $103.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Texas Instruments in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $111.18.

The firm has a market cap of $100.19 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.

In other news, insider Bing Xie sold 20,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the completion of the transaction, the insider now owns 53,934 shares of the company’s stock, valued at $6,296,794.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Carrie Smith Cox sold 17,002 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the transaction, the director now directly owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 879,332 shares of company stock valued at $103,024,864. Corporate insiders own 0.89% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Cordasco Financial Network bought a new stake in shares of Texas Instruments during the first quarter valued at about $27,000. CX Institutional raised its stake in shares of Texas Instruments by 95.9% during the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Ameritas Investment Corp bought a new stake in shares of Texas Instruments during the first quarter valued at about $33,000. Farmers National Bank bought a new stake in shares of Texas Instruments during the first quarter valued at about $35,000. Finally, WealthBridge Capital Management LLC raised its stake in shares of Texas Instruments by 381.5% during the first quarter. WealthBridge Capital Management LLC now owns 313 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

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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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