Orion Portfolio Solutions LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Orion Portfolio Solutions LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 16.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,614 shares of the semiconductor company’s stock after buying an additional 2,203 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Texas Instruments were worth $2,399,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC boosted its position in shares of Texas Instruments by 10.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,584 shares of the semiconductor company’s stock worth $1,208,000 after purchasing an additional 637 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Texas Instruments by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,964 shares of the semiconductor company’s stock worth $1,455,000 after buying an additional 400 shares in the last quarter. Financial Counselors Inc. grew its position in Texas Instruments by 10.8% during the first quarter. Financial Counselors Inc. now owns 6,745 shares of the semiconductor company’s stock worth $1,238,000 after buying an additional 657 shares during the period. Capital International Investors increased its holdings in Texas Instruments by 2.1% in the first quarter. Capital International Investors now owns 5,694,484 shares of the semiconductor company’s stock valued at $1,044,975,000 after buying an additional 117,177 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its position in shares of Texas Instruments by 6.4% during the 1st quarter. First Heartland Consultants Inc. now owns 1,736 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 105 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, VP Kyle M. Flessner sold 43,068 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the sale, the vice president now owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the sale, the vice president now owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark T. Roberts sold 2,048 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the sale, the vice president now owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock worth $10,241,311 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Bank of America cut Texas Instruments from a “buy” rating to a “neutral” rating and dropped their price target for the company from $190.00 to $175.00 in a research report on Wednesday, June 29th. StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Sanford C. Bernstein raised their target price on shares of Texas Instruments to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Benchmark assumed coverage on shares of Texas Instruments in a research report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Price Performance

TXN opened at $162.62 on Friday. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $202.26. The company’s 50 day simple moving average is $171.17 and its 200 day simple moving average is $169.54. The stock has a market capitalization of $148.59 billion, a PE ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share 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 for the quarter, compared to the consensus estimate of $4.53 billion. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 9.35 EPS for the current year.

Texas Instruments announced that its board has authorized a share buyback plan on Thursday, September 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a dividend of $1.24 per share. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. This represents a $4.96 annualized dividend and a yield of 3.05%. Texas Instruments’s dividend payout ratio is currently 50.33%.

Texas Instruments Company Profile

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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