Sheaff Brock Investment Advisors LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,346 shares of the semiconductor company’s stock after selling 3,524 shares during the quarter. Texas Instruments accounts for 1.1% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Sheaff Brock Investment Advisors LLC’s holdings in Texas Instruments were worth $10,024,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of TXN. Farmers National Bank bought a new position in Texas Instruments in the 1st quarter valued at $35,000. Icon Wealth Partners LLC bought a new position in Texas Instruments in the 1st quarter valued at $37,000. Global Wealth Management Investment Advisory Inc. grew its stake in Texas Instruments by 919.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 331 shares during the period. Shine Investment Advisory Services Inc. grew its stake in Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares during the period. Finally, Horan Capital Advisors LLC. bought a new position in Texas Instruments in the 1st quarter valued at $46,000. 85.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on TXN shares. Robert W. Baird upped their price objective on Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Oppenheimer upped their price objective on Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price objective on Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on Texas Instruments from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $118.74.
Shares of TXN stock traded up $3.47 on Tuesday, hitting $123.55. 4,174,977 shares of the stock were exchanged, compared to its average volume of 6,360,526. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $111.57 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.28 and a beta of 1.25. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37. The firm has a 50 day moving average price of $119.53.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were issued a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.49%. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the sale, the senior vice president now owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the sale, the insider now directly owns 102,652 shares in the company, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock worth $159,473,823 in the last three months. 0.89% of the stock is currently owned by insiders.
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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