HL Financial Services LLC lifted its holdings in Texas Instruments (NASDAQ:TXN) by 3.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,713 shares of the semiconductor company’s stock after purchasing an additional 2,673 shares during the period. HL Financial Services LLC’s holdings in Texas Instruments were worth $8,697,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Diamond Hill Capital Management Inc. acquired a new position in Texas Instruments in the 1st quarter valued at $111,130,000. Global X Management Co. LLC grew its stake in shares of Texas Instruments by 8.8% during the 1st quarter. Global X Management Co. LLC now owns 11,749 shares of the semiconductor company’s stock worth $1,221,000 after purchasing an additional 947 shares during the period. Garde Capital Inc. grew its stake in shares of Texas Instruments by 12.6% during the 4th quarter. Garde Capital Inc. now owns 5,351 shares of the semiconductor company’s stock worth $559,000 after purchasing an additional 598 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Texas Instruments by 2.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 55,212 shares of the semiconductor company’s stock worth $5,766,000 after purchasing an additional 1,529 shares during the period. Finally, Wagner Wealth Management LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $205,000. Institutional investors own 85.30% of the company’s stock.
Texas Instruments stock opened at $110.33 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.53 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $106.91 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.25. Texas Instruments has a 52 week low of $109.62 and a 52 week high of $110.95.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts anticipate that Texas Instruments will post 5.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 4th. Texas Instruments’s payout ratio is 57.94%.
TXN has been the topic of a number of recent research reports. UBS assumed coverage on shares of Texas Instruments in a report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price on the stock. SunTrust Banks raised their price target on shares of Texas Instruments from $96.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, April 3rd. JPMorgan Chase increased their price objective on shares of Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo reissued a “market perform” rating and set a $110.00 price target (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $113.36.
In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the completion of the sale, the insider now directly owns 172,545 shares in the company, valued at $19,009,282.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Niels Anderskouv sold 102,595 shares of the stock in a transaction dated 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 owns 110,187 shares of the company’s stock, valued at $12,131,588.70. The disclosure for this sale can be found here. Insiders sold 175,484 shares of company stock worth $19,325,083 in the last three months. Insiders own 0.84% of the company’s stock.
Texas Instruments 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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