HighPoint Advisor Group LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 17,786 shares of the semiconductor company’s stock after acquiring an additional 399 shares during the period. HighPoint Advisor Group LLC’s holdings in Texas Instruments were worth $2,026,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Green Square Capital LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $1,354,000. Bahl & Gaynor Inc. boosted its holdings in shares of Texas Instruments by 47.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after purchasing an additional 904,477 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Texas Instruments by 1.2% in the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 105 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Texas Instruments in the 1st quarter valued at $5,100,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Texas Instruments by 25.3% in the 4th quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock valued at $262,938,000 after purchasing an additional 561,160 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.
In related news, Director Carrie Smith Cox sold 17,002 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the sale, the director now owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 475,000 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the sale, the chairman now directly owns 930,287 shares in the company, valued at approximately $109,197,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 879,332 shares of company stock worth $103,024,864 in the last ninety days. 0.89% of the stock is currently owned by insiders.
A number of brokerages have weighed in on TXN. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $130.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Deutsche Bank lifted their price target on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. UBS Group reiterated a “sell” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.18.
NASDAQ:TXN opened at $105.06 on Friday. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. The firm has a market cap of $98.57 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $119.32.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
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About Texas Instruments
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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