Plimoth Trust Co. LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,745 shares of the semiconductor company’s stock, valued at approximately $200,000.
A number of other large investors have also made changes to their positions in TXN. Comerica Securities Inc. lifted its holdings in shares of Texas Instruments by 5.3% during the fourth quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock valued at $1,760,000 after purchasing an additional 944 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Texas Instruments by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock valued at $289,481,000 after buying an additional 34,606 shares during the period. Oakbrook Investments LLC raised its position in Texas Instruments by 14.5% during the first quarter. Oakbrook Investments LLC now owns 4,536 shares of the semiconductor company’s stock valued at $481,000 after buying an additional 575 shares during the period. Winslow Evans & Crocker Inc. raised its position in Texas Instruments by 12.4% during the first quarter. Winslow Evans & Crocker Inc. now owns 1,144 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 126 shares during the period. Finally, CWM LLC raised its position in Texas Instruments by 27.4% during the first quarter. CWM LLC now owns 7,559 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 1,624 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.
In related news, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the transaction, the chief financial officer now owns 94,648 shares in the company, valued at $12,116,836.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP R Gregory Delagi sold 150,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.28, for a total transaction of $19,092,000.00. Following the transaction, the vice president now owns 243,755 shares in the company, valued at approximately $31,025,136.40. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.
Shares of NASDAQ TXN traded up $1.45 during mid-day trading on Wednesday, reaching $125.76. 116,240 shares of the company were exchanged, compared to its average volume of 6,400,649. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $130.37. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $117.49 billion, a PE ratio of 23.19, a PEG ratio of 2.32 and a beta of 1.25. The company’s 50 day moving average price is $120.79 and its 200 day moving average price is $112.56.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s payout ratio is 56.83%.
Several research firms recently weighed in on TXN. Deutsche Bank reissued a “neutral” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Wednesday, July 24th. Nomura began coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price on the stock. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 target price on the stock in a research report on Saturday, July 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Finally, Wells Fargo & Co dropped their target price 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. Two research 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 a consensus rating of “Hold” and an average target price of $118.74.
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, 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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