J.W. Cole Advisors Inc. Buys 136 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

J.W. Cole Advisors Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 4.7% during the first quarter, HoldingsChannel.com reports. The fund owned 3,013 shares of the semiconductor company’s stock after acquiring an additional 136 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Texas Instruments were worth $553,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. grew its holdings in shares of Texas Instruments by 280.6% during the first 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 last quarter. Rather & Kittrell Inc. bought a new stake in shares of Texas Instruments during the fourth quarter worth $30,000. Blume Capital Management Inc. bought a new stake in shares of Texas Instruments during the first quarter worth $33,000. IAG Wealth Partners LLC grew its holdings in shares of Texas Instruments by 62.0% during the fourth 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 last quarter. Finally, First PREMIER Bank bought a new stake in shares of Texas Instruments during the first quarter worth $37,000. 83.72% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 1.6 %

NASDAQ TXN opened at $165.26 on Monday. The firm has a market cap of $151.00 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.09 and a quick ratio of 4.24. The stock’s 50-day moving average is $170.41 and its 200-day moving average is $169.66. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26.

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

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 given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio (DPR) is currently 50.33%.

Texas Instruments declared that its board has authorized a share buyback plan on Thursday, September 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research analyst reports. UBS Group decreased their target price on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Citigroup raised their price target on Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Mizuho decreased their price target on Texas Instruments from $175.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. The Goldman Sachs Group decreased their price target on Texas Instruments from $162.00 to $148.00 in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $182.19.

Insider Activity at Texas Instruments

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

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.

See Also

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

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