Merit Financial Group LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.7% during the 1st quarter, Holdings Channel reports. The firm owned 4,699 shares of the semiconductor company’s stock after purchasing an additional 674 shares during the period. Merit Financial Group LLC’s holdings in Texas Instruments were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Management Inc. lifted its position in shares of Texas Instruments by 14.3% during the first quarter. B. Riley Wealth Management Inc. now owns 2,445 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 305 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Texas Instruments during the first quarter worth $202,000. M Holdings Securities Inc. purchased a new stake in shares of Texas Instruments during the first quarter worth $216,000. Nordea Investment Management AB lifted its position in shares of Texas Instruments by 0.6% during the first quarter. Nordea Investment Management AB now owns 2,537,323 shares of the semiconductor company’s stock worth $269,138,000 after acquiring an additional 15,033 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Texas Instruments by 103.2% during the first quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock worth $1,304,000 after acquiring an additional 6,245 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.
TXN traded up $0.46 during trading on Monday, reaching $107.77. The stock had a trading volume of 41,051 shares, compared to its average volume of 4,474,254. The stock has a market cap of $100.68 billion, a PE ratio of 19.88, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 2.70, a current ratio of 3.68 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $119.32.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.86%. Texas Instruments’s dividend payout ratio is presently 56.83%.
In other Texas Instruments news, insider Rafael R. Lizardi sold 27,675 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total transaction of $3,262,052.25. Following the completion of the sale, the insider now directly owns 98,809 shares in the company, valued at $11,646,616.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 475,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The disclosure for this sale can be found here. In the last three months, insiders sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by insiders.
TXN has been the topic of several recent research reports. Sanford C. Bernstein downgraded Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 target price on the stock. in a research report on Monday, March 25th. Wells Fargo & Co dropped their target price on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Nomura assumed coverage on Texas Instruments in a research report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 target price on the stock. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $100.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $111.18.
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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