Ifrah Financial Services Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,160 shares of the semiconductor company’s stock after selling 265 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Texas Instruments were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in TXN. Daiwa Securities Group Inc. lifted its holdings in shares of Texas Instruments by 6.3% during the third quarter. Daiwa Securities Group Inc. now owns 43,528 shares of the semiconductor company’s stock worth $5,625,000 after buying an additional 2,590 shares during the last quarter. Symmetry Partners LLC acquired a new position in shares of Texas Instruments during the third quarter worth approximately $236,000. Bartlett & Co. LLC lifted its holdings in shares of Texas Instruments by 168.8% during the third quarter. Bartlett & Co. LLC now owns 3,521 shares of the semiconductor company’s stock worth $455,000 after buying an additional 2,211 shares during the last quarter. Fulcrum Capital LLC acquired a new position in shares of Texas Instruments during the third quarter worth approximately $4,465,000. Finally, KLCM Advisors Inc. lifted its holdings in shares of Texas Instruments by 5.4% during the third quarter. KLCM Advisors Inc. now owns 4,029 shares of the semiconductor company’s stock worth $521,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
NASDAQ:TXN traded up $0.19 during trading hours on Friday, reaching $120.11. The company had a trading volume of 3,804,800 shares, compared to its average volume of 5,050,332. The stock has a 50-day moving average of $125.47 and a two-hundred day moving average of $119.20. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $132.20. The firm has a market capitalization of $112.04 billion, a PE ratio of 22.16, a PEG ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 4.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.00%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. Texas Instruments’s dividend payout ratio is 66.42%.
TXN has been the subject of a number of research analyst reports. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price target for the company. in a report on Monday, August 26th. Barclays upped their price target on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Oppenheimer lowered their price objective on Texas Instruments from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Credit Suisse Group boosted their price objective on Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group boosted their price objective on Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $120.97.
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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