Investors Sell Texas Instruments (TXN) on Strength (TXN)

Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading on Thursday. $63.03 million flowed into the stock on the tick-up and $96.63 million flowed out of the stock on the tick-down, for a money net flow of $33.60 million out of the stock. Of all stocks tracked, Texas Instruments had the 0th highest net out-flow for the day. Texas Instruments traded up $0.97 for the day and closed at $110.67

Several brokerages have commented on TXN. Robert W. Baird lifted their price target on Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays lifted their price target on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $112.00 price target on shares of Texas Instruments in a research report on Thursday, January 4th. Finally, BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $95.51.

The firm has a market cap of $111,090.00, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.27. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.94 EPS. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current year.

Texas Instruments announced that its Board of Directors has authorized a stock buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 74% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

In related news, SVP Bing Xie sold 17,500 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the sale, the director now directly owns 18,495 shares in the company, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last three months. 0.96% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Texas Instruments by 2.1% in 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 in the last quarter. BlackRock Inc. boosted its stake in Texas Instruments by 1.1% in the 2nd quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after buying an additional 681,821 shares in the last quarter. Capital International Investors boosted its stake in Texas Instruments by 3.0% in the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after buying an additional 435,938 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Texas Instruments by 16.5% in the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after buying an additional 2,055,040 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Texas Instruments by 0.4% in the 2nd quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after buying an additional 53,846 shares in the last quarter. 83.82% 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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