Thoroughbred Financial Services LLC Has $1.28 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Thoroughbred Financial Services LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 65.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,591 shares of the semiconductor company’s stock after purchasing an additional 2,616 shares during the period. Thoroughbred Financial Services LLC’s holdings in Texas Instruments were worth $1,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors increased its stake in shares of Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Franklin Resources Inc. increased its stake in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares during the period. Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $1,649,592,000. Finally, Van ECK Associates Corp increased its stake in shares of Texas Instruments by 6.2% in the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after buying an additional 348,528 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ:TXN opened at $199.93 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock’s 50-day simple moving average is $200.69 and its 200 day simple moving average is $188.81. The company has a market cap of $182.55 billion, a P/E ratio of 31.19, a P/E/G ratio of 4.26 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

TXN has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group raised their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Finally, Barclays raised their price target on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $204.67.

Insiders Place Their Bets

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last 90 days. 0.68% of the stock is currently owned by insiders.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.