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

Traders sold shares of Texas Instruments Incorporated (NASDAQ:TXN) on strength during trading hours on Friday. $68.70 million flowed into the stock on the tick-up and $143.72 million flowed out of the stock on the tick-down, for a money net flow of $75.02 million out of the stock. Of all equities tracked, Texas Instruments had the 10th highest net out-flow for the day. Texas Instruments traded up $0.87 for the day and closed at $98.59

Several analysts have commented on TXN shares. B. Riley cut their target price on Texas Instruments from $123.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Royal Bank of Canada cut their target price on Texas Instruments to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Barclays cut their target price on Texas Instruments from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Finally, Goldman Sachs Group upgraded Texas Instruments from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have given a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $115.24.

The firm has a market cap of $92.44 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.4 EPS for the current year.

Texas Instruments declared that its Board of Directors has approved a share buyback program on Thursday, September 20th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

In related news, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the transaction, the insider now directly owns 43,270 shares of the company’s stock, valued at approximately $4,067,380. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Martin S. Craighead bought 10,900 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The stock was bought at an average cost of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the acquisition, the director now owns 13,100 shares in the company, valued at approximately $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Highwater Wealth Management LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $34,000. Centaurus Financial Inc. bought a new stake in Texas Instruments during the second quarter valued at about $101,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Texas Instruments during the third quarter valued at about $107,000. Girard Partners LTD. bought a new stake in Texas Instruments during the third quarter valued at about $119,000. Finally, Prime Capital Investment Advisors LLC raised its holdings in Texas Instruments by 280.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,140 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 840 shares during the period. 84.65% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Traders Sell Texas Instruments (TXN) on Strength (TXN)” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.themarketsdaily.com/2019/01/12/traders-sell-texas-instruments-txn-on-strength-txn.html.

Texas Instruments Company Profile (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.

See Also: Consumer Price Index (CPI)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply