Logan Capital Management Inc. Acquires 67 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Logan Capital Management Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 736 shares of the semiconductor company’s stock after acquiring an additional 67 shares during the period. Logan Capital Management Inc.’s holdings in Texas Instruments were worth $135,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TXN. International Assets Investment Management LLC lifted its stake in Texas Instruments by 19.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,205 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 364 shares during the last quarter. Exencial Wealth Advisors LLC lifted its stake in Texas Instruments by 133.8% in the fourth quarter. Exencial Wealth Advisors LLC now owns 18,338 shares of the semiconductor company’s stock worth $3,456,000 after purchasing an additional 10,494 shares during the last quarter. Covestor Ltd bought a new stake in Texas Instruments in the fourth quarter worth about $181,000. Guardian Capital Advisors LP lifted its stake in Texas Instruments by 0.8% in the fourth quarter. Guardian Capital Advisors LP now owns 35,120 shares of the semiconductor company’s stock worth $6,533,000 after purchasing an additional 296 shares during the last quarter. Finally, Guardian Capital LP lifted its stake in Texas Instruments by 23.9% in the fourth quarter. Guardian Capital LP now owns 12,430 shares of the semiconductor company’s stock worth $2,343,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Activity at Texas Instruments

In related news, VP Kyle M. Flessner sold 43,068 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares in the company, valued at $11,955,124.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Mark T. Roberts sold 2,048 shares of the company’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 value of $363,520.00. Following the transaction, the vice president now directly owns 28,475 shares in the company, valued at approximately $5,054,312.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now owns 66,822 shares in the company, valued at $11,955,124.02. The disclosure for this sale can be found here. Insiders sold 57,415 shares of company stock worth $10,241,311 over the last three months. Company insiders own 0.54% of the company’s stock.

Texas Instruments Trading Up 1.4 %

NASDAQ:TXN opened at $170.74 on Monday. Texas Instruments Incorporated has a 12 month low of $144.46 and a 12 month high of $202.26. The firm has a fifty day simple moving average of $169.06 and a 200-day simple moving average of $169.81. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $156.01 billion, a P/E ratio of 18.68, a PEG ratio of 1.96 and a beta of 1.03.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.07 by $0.38. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.53 billion. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 9.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Monday, August 1st were given a dividend of $1.15 per share. The ex-dividend date was Friday, July 29th. This represents a $4.60 dividend on an annualized basis and a yield of 2.69%. Texas Instruments’s dividend payout ratio is presently 50.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXN. Oppenheimer reduced their target price on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 21st. Benchmark initiated coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They set a “buy” rating and a $205.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of Texas Instruments to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Citigroup lifted their price objective on shares of Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Morgan Stanley lifted their price objective on shares of Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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