Advisory Services Network LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Advisory Services Network LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 19.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,769 shares of the semiconductor company’s stock after selling 6,516 shares during the period. Advisory Services Network LLC’s holdings in Texas Instruments were worth $4,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TXN. Mizuho Securities Co. Ltd. lifted its position in shares of Texas Instruments by 280.6% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 101 shares during the period. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $28,000. Rather & Kittrell Inc. purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $30,000. Blume Capital Management Inc. purchased a new stake in shares of Texas Instruments in the 1st quarter worth approximately $33,000. Finally, IAG Wealth Partners LLC lifted its position in shares of Texas Instruments by 62.0% in the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 75 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $162.67 on Friday. The company’s fifty day moving average price is $170.06 and its 200 day moving average price is $169.73. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $202.26. The company has a market capitalization of $148.63 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09.

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

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 3.05%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio (DPR) is presently 50.33%.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. The Goldman Sachs Group lowered their price target on shares of Texas Instruments from $162.00 to $148.00 in a research report on Friday, July 15th. Benchmark initiated coverage on shares of Texas Instruments in a research note on Wednesday, June 29th. They set a “buy” rating and a $205.00 price objective for the company. Oppenheimer reduced their price objective on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st. 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 research note on Tuesday, July 5th. Finally, Citigroup boosted their price objective on shares of Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $182.19.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Kyle M. Flessner sold 43,068 shares of the 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 transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the transaction, the director now directly owns 32,088 shares in the company, valued at $5,668,024.32. 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 ninety days. Corporate insiders own 0.54% of the company’s stock.

Texas Instruments 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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