Securian Asset Management Inc increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,207 shares of the semiconductor company’s stock after purchasing an additional 860 shares during the period. Securian Asset Management Inc’s holdings in Texas Instruments were worth $11,270,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Farmers National Bank bought a new position in Texas Instruments during the first quarter valued at $35,000. Icon Wealth Partners LLC bought a new position in Texas Instruments during the first quarter valued at $37,000. Shine Investment Advisory Services Inc. increased its position in 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 last quarter. Global Wealth Management Investment Advisory Inc. increased its position in 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 last quarter. Finally, HMS Capital Management LLC bought a new position in Texas Instruments during the second quarter valued at $46,000. Institutional investors own 86.09% of the company’s stock.
In related news, SVP Bing Xie sold 52,299 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were 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 directly owns 106,264 shares of the company’s stock, valued at $13,575,226. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider R Gregory Delagi sold 450,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction 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 $31,276,204.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by insiders.
TXN has been the topic of a number of analyst reports. CIBC boosted their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Nomura started coverage on shares of Texas Instruments in a research report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price objective on the stock. Deutsche Bank reissued a “neutral” rating and set a $120.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Robert W. Baird boosted their target price on shares of Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays boosted their target price on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.74.
NASDAQ:TXN traded up $0.22 during mid-day trading on Tuesday, reaching $124.82. The company’s stock had a trading volume of 69,729 shares, compared to its average volume of 6,400,649. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $130.37. The stock has a fifty day moving average of $120.64 and a 200-day moving average of $112.45. The firm has a market capitalization of $114.67 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
Texas Instruments Company 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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