2,112 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Continental Investors Services Inc.

Continental Investors Services Inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,112 shares of the semiconductor company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in Texas Instruments in the first quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after purchasing an additional 243,907 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after purchasing an additional 413 shares during the period. Wsfs Capital Management LLC acquired a new position in Texas Instruments in the first quarter valued at $337,000. Finally, Bridgefront Capital LLC acquired a new position in Texas Instruments in the first quarter valued at $315,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ahmad Bahai sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $176.67, for a total value of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares of the company’s stock, valued at $5,363,171.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Ahmad Bahai sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $176.67, for a total value of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares of the company’s stock, valued at $5,363,171.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 3,068 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $181.69, for a total transaction of $557,424.92. Following the transaction, the director now directly owns 11,773 shares of the company’s stock, valued at approximately $2,139,036.37. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $175.71 on Friday. The company has a current ratio of 4.70, a quick ratio of 3.77 and a debt-to-equity ratio of 0.56. The stock has a market cap of $159.23 billion, a P/E ratio of 18.69, a PEG ratio of 2.48 and a beta of 1.04. The company has a 50-day moving average of $175.62 and a two-hundred day moving average of $169.50. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $191.34.

Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.17. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Texas Instruments had a net margin of 43.68% and a return on equity of 61.06%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 7.53 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Monday, January 30th. Texas Instruments’s dividend payout ratio is presently 52.77%.

Analyst Ratings Changes

TXN has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of Texas Instruments from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, January 18th. Robert W. Baird lifted their target price on shares of Texas Instruments from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Wednesday, January 25th. Mizuho lifted their target price on shares of Texas Instruments from $159.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Finally, UBS Group lifted their target price on shares of Texas Instruments from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $179.70.

About Texas Instruments

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.