Sigma Planning Corp raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 19.6% during the second quarter, HoldingsChannel reports. The firm owned 27,395 shares of the semiconductor company’s stock after buying an additional 4,489 shares during the period. Sigma Planning Corp’s holdings in Texas Instruments were worth $3,144,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Farmers National Bank purchased a new stake in shares of Texas Instruments in the first quarter valued at about $35,000. Icon Wealth Partners LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $37,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 331 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its holdings in shares of Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Texas Instruments in the first quarter valued at about $46,000. Institutional investors own 85.91% of the company’s stock.
Several analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 price target on shares of Texas Instruments in a report on Monday, April 22nd. Morgan Stanley upped their price target on shares of Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the stock. Texas Instruments has an average rating of “Hold” and an average target price of $118.74.
TXN stock traded up $2.59 on Friday, hitting $122.44. 102,851 shares of the company were exchanged, compared to its average volume of 6,438,022. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $130.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The business’s fifty day moving average is $119.98 and its two-hundred day moving average is $112.22. The stock has a market capitalization of $115.15 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. Texas Instruments’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
In other news, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the transaction, the insider now directly owns 102,652 shares in the company, valued at $12,851,003.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bing Xie sold 52,299 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the completion of the transaction, the senior vice president now owns 106,264 shares of the company’s stock, valued at $13,575,226. The disclosure for this sale can be found here. Insiders have sold 1,251,117 shares of company stock valued at $159,473,823 in the last ninety days. 0.89% of the stock is currently owned by company insiders.
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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