Hyman Charles D Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)


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Hyman Charles D lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,884 shares of the semiconductor company’s stock after acquiring an additional 546 shares during the quarter. Hyman Charles D’s holdings in Texas Instruments were worth $1,868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TXN. Delta Asset Management LLC TN increased its holdings in Texas Instruments by 198.2% in the fourth quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 113 shares during the last quarter. Atlas Private Wealth Advisors increased its holdings in Texas Instruments by 512.5% in the first quarter. Atlas Private Wealth Advisors now owns 147 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. TRU Independence Asset Management 2 LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Curi Capital bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Cynthia Hoff Trochu sold 12,890 shares of the firm’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $170.92, for a total transaction of $2,203,158.80. Following the sale, the senior vice president now directly owns 54,153 shares in the company, valued at $9,255,830.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard K. Templeton sold 112,500 shares of the firm’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $170.74, for a total transaction of $19,208,250.00. Following the sale, the chief executive officer now owns 622,167 shares in the company, valued at $106,228,793.58. The disclosure for this sale can be found here. Insiders sold 241,518 shares of company stock valued at $41,675,362 in the last ninety days. Insiders own 0.73% of the company’s stock.

NASDAQ:TXN traded down $1.54 during trading hours on Tuesday, reaching $177.25. The company had a trading volume of 158,919 shares, compared to its average volume of 4,822,852. The stock has a 50-day moving average of $186.62 and a two-hundred day moving average of $169.79. Texas Instruments Incorporated has a one year low of $105.45 and a one year high of $197.58. The firm has a market capitalization of $163.69 billion, a PE ratio of 33.80, a PEG ratio of 3.10 and a beta of 1.06. The company has a quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.31. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Monday, May 3rd will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, April 30th. Texas Instruments’s dividend payout ratio is 77.86%.

Several research firms have recently commented on TXN. Rosenblatt Securities upped their target price on Texas Instruments from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday. Truist Securities upped their target price on Texas Instruments from $184.00 to $200.00 in a research report on Wednesday, April 28th. Barclays increased their price objective on Texas Instruments from $155.00 to $170.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Longbow Research raised their price objective on Texas Instruments from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Finally, Morgan Stanley raised their price objective on Texas Instruments from $162.00 to $176.00 and gave the stock an “underweight” rating in a research report on Monday, April 19th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Texas Instruments presently has a consensus rating of “Hold” and an average target price of $189.23.

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, 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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