Markel Corp boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 658,000 shares of the semiconductor company’s stock after acquiring an additional 22,000 shares during the period. Texas Instruments makes up 1.2% of Markel Corp’s portfolio, making the stock its 20th biggest position. Markel Corp’s holdings in Texas Instruments were worth $69,794,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cordasco Financial Network acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $27,000. CX Institutional increased its stake in shares of Texas Instruments by 95.9% in the 1st quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Highwater Wealth Management LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $34,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $40,000. Finally, Horan Capital Advisors LLC. bought a new position in shares of Texas Instruments in the 1st quarter worth $46,000. 86.72% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. ValuEngine lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday. Nomura assumed coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price target on the stock. Wells Fargo & Co reduced their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $124.00 price target on shares of Texas Instruments in a research report on Tuesday, April 30th. Finally, Loop Capital raised their price target on Texas Instruments to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average price target of $111.18.
TXN opened at $109.04 on Wednesday. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $119.32. The stock has a market capitalization of $100.49 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, May 3rd. Texas Instruments’s dividend payout ratio is currently 56.83%.
In related news, Chairman Richard K. Templeton sold 475,000 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Haviv Ilan sold 76,818 shares of Texas Instruments stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total value of $9,016,896.84. Following the completion of the sale, the vice president now directly owns 126,741 shares in the company, valued at approximately $14,876,858.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 948,656 shares of company stock worth $110,460,121. 0.89% of the stock is 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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