O Shaughnessy Asset Management LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,051 shares of the semiconductor company’s stock after acquiring an additional 6,370 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Texas Instruments were worth $10,612,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sittner & Nelson LLC lifted its holdings in shares of Texas Instruments by 892.9% during the first quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in Texas Instruments during the 1st quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. purchased a new position in Texas Instruments during the fourth quarter valued at $30,000. Magellan Asset Management Ltd bought a new stake in Texas Instruments in the first quarter worth $32,000. Finally, Elequin Securities LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.
Insider Activity at Texas Instruments
In other Texas Instruments news, 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 transaction of $2,890,542.20. Following the sale, the director now owns 35,801 shares in the company, valued at approximately $6,445,612.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela H. Patsley sold 10,539 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.34, for a total value of $1,890,064.26. Following the sale, the director now directly owns 32,662 shares in the company, valued at $5,857,603.08. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.
Texas Instruments Stock Performance
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments Incorporated will post 7.34 EPS for the current year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.92%. Texas Instruments’s payout ratio is currently 59.62%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. StockNews.com started coverage on shares of Texas Instruments in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup increased their price target on shares of Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a report on Tuesday, July 18th. Wolfe Research initiated coverage on shares of Texas Instruments in a report on Wednesday, July 19th. They issued a “peer perform” rating for the company. Rosenblatt Securities reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Tuesday, July 25th. Finally, Sanford C. Bernstein lowered Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price for the company. in a report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $185.32.
Texas Instruments Company Profile
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.
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