Gallacher Capital Management LLC Has $311,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Gallacher Capital Management LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 58.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,674 shares of the semiconductor company’s stock after selling 2,344 shares during the period. Gallacher Capital Management LLC’s holdings in Texas Instruments were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Texas Instruments by 5.6% in the first quarter. Wellington Management Group LLP now owns 28,632,144 shares of the semiconductor company’s stock worth $5,325,865,000 after purchasing an additional 1,521,464 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 19,780,511 shares of the semiconductor company’s stock worth $3,263,468,000 after acquiring an additional 222,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,733,010 shares of the semiconductor company’s stock valued at $3,276,639,000 after buying an additional 202,952 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Texas Instruments by 28.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock valued at $2,748,406,000 after buying an additional 3,655,383 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Insider Activity

In related news, Director Pamela H. Patsley sold 10,539 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the transaction, the director now directly owns 32,662 shares in the company, valued at $5,857,603.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Pamela H. Patsley sold 10,539 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the sale, the director now owns 32,662 shares in the company, valued at $5,857,603.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carrie Smith Cox sold 16,055 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the sale, the director now owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Texas Instruments Stock Up 1.1 %

Shares of NASDAQ TXN traded up $1.77 during midday trading on Friday, hitting $169.83. 2,611,217 shares of the company’s stock were exchanged, compared to its average volume of 5,143,683. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.72 and a quick ratio of 4.35. Texas Instruments Incorporated has a twelve month low of $145.97 and a twelve month high of $188.12. The company has a market cap of $154.20 billion, a PE ratio of 20.41, a P/E/G ratio of 2.46 and a beta of 1.01. The firm’s fifty day simple moving average is $174.24 and its 200-day simple moving average is $173.68.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business posted $2.45 EPS. The company’s revenue was down 13.1% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 7.34 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 annualized dividend and a yield of 2.92%. Texas Instruments’s dividend payout ratio is presently 59.62%.

Analysts Set New Price Targets

Several research analysts have commented on TXN shares. StockNews.com initiated coverage on shares of Texas Instruments in a report on Thursday, August 17th. They issued a “hold” rating for the company. Susquehanna upped their target price on shares of Texas Instruments from $205.00 to $215.00 in a research note on Wednesday, July 26th. UBS Group lowered their target price on shares of Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, July 26th. Finally, Wolfe Research initiated coverage on shares of Texas Instruments in a research note on Wednesday, July 19th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $185.32.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.