DAVENPORT & Co LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,932 shares of the semiconductor company’s stock after acquiring an additional 394 shares during the period. DAVENPORT & Co LLC’s holdings in Texas Instruments were worth $3,988,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of TXN. Perennial Advisors LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $26,000. Toth Financial Advisory Corp acquired a new stake in shares of Texas Instruments during the second quarter worth $31,000. Crewe Advisors LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $32,000. Pathstone Family Office LLC raised its holdings in shares of Texas Instruments by 65.0% during the first quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 139 shares during the period. Finally, Evolution Wealth Advisors LLC raised its holdings in shares of Texas Instruments by 89.7% during the second quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 131 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ TXN opened at $153.12 on Friday. The stock has a market capitalization of $140.25 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.89 and a beta of 1.14. Texas Instruments Incorporated has a 1 year low of $93.09 and a 1 year high of $155.88. The business’s fifty day moving average is $142.37 and its two-hundred day moving average is $127.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.94 and a current ratio of 3.92.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.60. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. During the same quarter in the prior year, the company earned $1.36 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $1.02 dividend. The ex-dividend date is Thursday, October 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.66%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio is currently 68.70%.
In other Texas Instruments news, VP Amichai Ron sold 8,530 shares of Texas Instruments stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $135.22, for a total transaction of $1,153,426.60. Following the transaction, the vice president now directly owns 32,997 shares in the company, valued at approximately $4,461,854.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darla H. Whitaker sold 40,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $138.52, for a total transaction of $5,540,800.00. Following the transaction, the vice president now owns 89,524 shares in the company, valued at $12,400,864.48. The disclosure for this sale can be found here. Insiders sold 236,495 shares of company stock worth $31,419,345 in the last ninety days. 0.73% of the stock is owned by corporate insiders.
A number of analysts have weighed in on TXN shares. 140166 increased their target price on shares of Texas Instruments from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research report on Thursday, July 23rd. Citigroup upped their price target on shares of Texas Instruments from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Barclays upped their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Finally, Mizuho upped their price target on shares of Texas Instruments from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $139.38.
Texas Instruments Company 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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