AdvisorNet Financial Inc decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,517 shares of the semiconductor company’s stock after selling 128 shares during the period. AdvisorNet Financial Inc’s holdings in Texas Instruments were worth $233,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. increased its holdings in Texas Instruments by 280.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Rather & Kittrell Inc. purchased a new position in Texas Instruments during the 4th quarter valued at about $30,000. Blume Capital Management Inc. purchased a new position in Texas Instruments during the 1st quarter valued at about $33,000. IAG Wealth Partners LLC increased its holdings in Texas Instruments by 62.0% during the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 75 shares in the last quarter. Finally, First PREMIER Bank purchased a new position in Texas Instruments during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 83.72% of the company’s stock.
Insider Buying and Selling at Texas Instruments
In other Texas Instruments news, VP Kyle M. Flessner sold 43,068 shares of Texas Instruments stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at this link. In other 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 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 filing with the SEC, which is available at the SEC website. Also, VP Mark T. Roberts sold 2,048 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $177.50, for a total transaction of $363,520.00. Following the transaction, the vice president now directly owns 28,475 shares in the company, valued at $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 ninety days. Corporate insiders own 0.54% of the company’s stock.
Texas Instruments Trading Down 0.1 %
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.38. The firm 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%. On average, analysts anticipate that Texas Instruments Incorporated will post 9.35 EPS for the current year.
Texas Instruments declared that its board has approved a share repurchase program on Thursday, September 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.99%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 28th. Texas Instruments’s payout ratio is 50.33%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. DZ Bank downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a report on Tuesday, July 5th. Oppenheimer lowered their price target on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 21st. Citigroup lifted their price target on shares of Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. UBS Group lowered their price target 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, Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $190.00 to $175.00 in a report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $182.19.
Texas Instruments 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, 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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