Snowden Capital Advisors LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,906 shares of the semiconductor company’s stock after purchasing an additional 1,782 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Texas Instruments were worth $6,307,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sittner & Nelson LLC boosted its position in Texas Instruments by 892.9% during the first quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $28,000. Magellan Asset Management Ltd purchased a new stake in Texas Instruments in the 1st quarter worth $32,000. Coppell Advisory Solutions Corp. acquired a new position in Texas Instruments during the fourth quarter worth $30,000. Finally, Godsey & Gibb Inc. purchased a new position in Texas Instruments during the first quarter valued at $36,000. 83.37% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. StockNews.com began coverage on shares of Texas Instruments in a research report on Thursday, August 17th. They set a “hold” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Tuesday, July 25th. UBS Group lowered their price target on Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Mizuho reduced their price objective on Texas Instruments from $185.00 to $181.00 in a research note on Wednesday, July 26th. Finally, Wolfe Research started coverage on shares of Texas Instruments in a research note on Wednesday, July 19th. They set a “peer perform” rating on the stock. 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.com, the company currently has an average rating of “Hold” and an average price target of $185.32.
Insider Transactions at Texas Instruments
In related news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 32,662 shares in the company, valued at $5,857,603.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 16,055 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the sale, the director now directly owns 35,801 shares in the company, valued at $6,445,612.04. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ TXN traded down $1.41 during trading on Tuesday, hitting $164.43. 1,335,770 shares of the company were exchanged, compared to its average volume of 5,088,034. The firm’s fifty day moving average price is $173.17 and its 200 day moving average price is $173.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.72 and a quick ratio of 4.35. The company has a market cap of $149.30 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.40 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $145.97 and a 1 year high of $188.12.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 7.34 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, July 28th. Texas Instruments’s dividend payout ratio is currently 59.62%.
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.
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