SPC Financial Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 13,350 shares of the semiconductor company’s stock, valued at approximately $1,532,000.
A number of other hedge funds have also added to or reduced their stakes in TXN. Farmers National Bank acquired a new position in shares of Texas Instruments during the first quarter valued at $35,000. Icon Wealth Partners LLC acquired a new position in shares of Texas Instruments during the first quarter valued at $37,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 331 shares during the period. Shine Investment Advisory Services Inc. boosted its holdings in shares of Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 279 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Texas Instruments during the first quarter valued at $46,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
Several equities research analysts recently weighed in on TXN shares. 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. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $124.00 price objective on shares of Texas Instruments in a report on Tuesday, April 30th. Deutsche Bank reaffirmed a “neutral” rating and issued a $120.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, Robert W. Baird upped their price objective on shares of Texas Instruments from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two research 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 stock has a consensus rating of “Hold” and an average target price of $118.74.
In related news, SVP Bing Xie sold 52,299 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total value of $6,681,197.25. Following the completion of the sale, the senior vice president now owns 106,264 shares of the company’s stock, valued at approximately $13,575,226. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $128.31, for a total value of $57,739,500.00. Following the completion of the sale, the insider now directly owns 243,755 shares of the company’s stock, valued at approximately $31,276,204.05. The disclosure for this sale can be found here. In the last three months, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is currently owned by company insiders.
Shares of TXN traded down $0.99 during trading hours on Thursday, reaching $119.61. The company’s stock had a trading volume of 241,891 shares, compared to its average volume of 6,345,917. The company has a market cap of $112.11 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $119.89.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate 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 company earned $1.37 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were paid a $0.77 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.58%. Texas Instruments’s payout ratio is 56.83%.
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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