Toroso Investments LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 21.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,722 shares of the semiconductor company’s stock after purchasing an additional 3,724 shares during the period. Toroso Investments LLC’s holdings in Texas Instruments were worth $3,802,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TXN. Mizuho Securities Co. Ltd. grew its holdings in shares of Texas Instruments by 280.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Rather & Kittrell Inc. bought a new position in shares of Texas Instruments in the fourth quarter worth about $30,000. Blume Capital Management Inc. bought a new position in Texas Instruments during the 1st quarter worth about $33,000. Finally, IAG Wealth Partners LLC grew its holdings in Texas Instruments by 62.0% during the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 75 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.
Insider Activity
In other news, VP Kyle M. Flessner sold 43,068 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at approximately $11,955,124.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Kyle M. Flessner sold 43,068 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at approximately $11,955,124.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark T. Roberts sold 2,048 shares of Texas Instruments stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $177.50, for a total transaction of $363,520.00. Following the transaction, the vice president now directly owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The disclosure for this sale can be found here. Insiders sold a total of 57,415 shares of company stock valued at $10,241,311 in the last three months. 0.54% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
TXN has been the topic of several recent research reports. DZ Bank cut shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Tuesday, July 5th. StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $190.00 to $175.00 in a report on Wednesday, June 29th. Oppenheimer dropped their target price on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Finally, Citigroup increased their target price on shares of Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.19.
Texas Instruments Stock Performance
TXN opened at $165.26 on Thursday. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $202.26. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $151.00 billion, a PE ratio of 18.08, a P/E/G ratio of 1.86 and a beta of 1.03. The firm has a 50 day moving average of $169.77 and a two-hundred day moving average of $169.76.
Texas Instruments (NASDAQ:TXN – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.38. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.53 billion. On average, analysts anticipate that Texas Instruments Incorporated will post 9.35 EPS for the current year.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Monday, August 1st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, July 29th. Texas Instruments’s dividend payout ratio is presently 50.33%.
Texas Instruments 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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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