Ropes Wealth Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,815 shares of the semiconductor company’s stock after acquiring an additional 150 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,527,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Greystone Managed Investments Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth $6,373,000. Penobscot Investment Management Company Inc. increased its position in shares of Texas Instruments by 0.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 18,990 shares of the semiconductor company’s stock worth $2,455,000 after buying an additional 100 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Texas Instruments by 48.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 538 shares of the semiconductor company’s stock worth $70,000 after buying an additional 176 shares during the period. Capital Planning Advisors LLC increased its position in shares of Texas Instruments by 53.0% during the third quarter. Capital Planning Advisors LLC now owns 3,464 shares of the semiconductor company’s stock worth $448,000 after buying an additional 1,200 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Texas Instruments by 18.2% during the third quarter. Vestmark Advisory Solutions Inc. now owns 23,496 shares of the semiconductor company’s stock worth $3,037,000 after buying an additional 3,626 shares during the period. Hedge funds and other institutional investors own 85.49% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. BidaskClub cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Charter Equity lowered shares of Texas Instruments from a “buy” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Zacks Investment Research lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 target price on the stock. in a research note on Monday, August 26th. Finally, Credit Suisse Group increased their target price on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $120.97.
Shares of Texas Instruments stock traded down $2.52 during trading hours on Monday, reaching $117.59. The company’s stock had a trading volume of 288,811 shares, compared to its average volume of 5,050,332. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $132.20. The company has a market capitalization of $112.04 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.40 and a beta of 1.23. The stock’s fifty day simple moving average is $125.47 and its two-hundred day simple moving average is $119.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.32 and a current ratio of 4.34.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 net margin of 35.10% and a return on equity of 58.00%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, research analysts forecast that Texas Instruments Incorporated will post 4.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 66.42%.
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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