Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,451 shares of the semiconductor company’s stock after acquiring an additional 223 shares during the period. Allworth Financial LP’s holdings in Texas Instruments were worth $1,299,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $1,534,890,000. Wellington Management Group LLP raised its position in shares of Texas Instruments by 7.6% in 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 buying an additional 2,209,099 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 1,779,273 shares during the last quarter. BlackRock Inc. raised its position in shares of Texas Instruments by 2.0% in the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock valued at $13,810,434,000 after buying an additional 1,484,246 shares during the last quarter. Finally, State Street Corp raised its position in shares of Texas Instruments by 2.9% in the fourth 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 institutional investors and hedge funds.

Texas Instruments Stock Down 0.4 %

Shares of TXN opened at $162.62 on Friday. The stock has a market capitalization of $148.59 billion, a PE ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $202.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09. The company’s 50-day simple moving average is $171.17 and its 200-day simple moving average is $169.54.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.38. The business had revenue of $5.21 billion for 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%. Analysts forecast that Texas Instruments Incorporated will post 9.35 earnings per share for the current fiscal year.

Texas Instruments announced that its board has authorized a share repurchase program on Thursday, September 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 10.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be issued a $1.24 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 28th. This represents a $4.96 annualized dividend and a yield of 3.05%. Texas Instruments’s dividend payout ratio (DPR) is 50.33%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $176.64, for a total value of $2,172,495.36. Following the sale, the director now owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $176.64, for a total value of $2,172,495.36. Following the sale, the director now owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the sale, the vice president now directly owns 28,475 shares in the company, valued at approximately $5,054,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock valued at $10,241,311 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent research reports. Mizuho reduced their target price on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Benchmark began coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price objective for the company. Bank of America lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $190.00 to $175.00 in a report on Wednesday, June 29th. UBS Group dropped their price objective on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Finally, DZ Bank lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $182.19.

Texas Instruments Company Profile

(Get Rating)

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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