Adviser Investments LLC reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,589 shares of the semiconductor company’s stock after selling 404 shares during the quarter. Adviser Investments LLC’s holdings in Texas Instruments were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in TXN. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth $1,534,890,000. Wellington Management Group LLP grew its stake in shares of Texas Instruments by 7.6% during the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock valued at $5,763,635,000 after acquiring an additional 2,209,099 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after purchasing an additional 1,779,273 shares during the last quarter. BlackRock Inc. grew its stake in Texas Instruments by 2.0% during the 1st quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock valued at $13,810,434,000 after purchasing an additional 1,484,246 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Texas Instruments by 2.9% during the 4th quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after buying an additional 1,146,109 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Pamela H. Patsley sold 12,299 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at approximately $5,668,024.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Mark T. Roberts sold 2,048 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the transaction, the vice president now owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Patsley sold 12,299 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $176.64, for a total value of $2,172,495.36. Following the transaction, the director now directly owns 32,088 shares of the company’s stock, valued at approximately $5,668,024.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,415 shares of company stock valued at $10,241,311. 0.54% of the stock is owned by company insiders.
Texas Instruments Trading Down 0.4 %
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.38. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. As a group, research analysts forecast that Texas Instruments Incorporated will post 9.35 EPS for the current fiscal year.
Texas Instruments announced that its board has authorized a stock buyback plan on Thursday, September 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Texas Instruments Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a dividend of $1.24 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. This represents a $4.96 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, October 28th. Texas Instruments’s dividend payout ratio (DPR) is presently 50.33%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on TXN shares. Benchmark began coverage on Texas Instruments in a report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price objective for the company. UBS Group decreased their target price on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. DZ Bank downgraded Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Tuesday, July 5th. Morgan Stanley lifted their price objective on shares of Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, July 27th. Finally, Citigroup upped their price target on shares of Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $182.19.
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.
- Get a free copy of the StockNews.com research report on Texas Instruments (TXN)
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