Soundwatch Capital LLC Acquires Shares of 1,711 Texas Instruments Incorporated (NASDAQ:TXN)

Soundwatch Capital LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,711 shares of the semiconductor company’s stock, valued at approximately $318,000. Texas Instruments comprises about 0.1% of Soundwatch Capital LLC’s portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in TXN. Sittner & Nelson LLC lifted its position in shares of Texas Instruments by 892.9% in the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Texas Instruments in the 1st quarter worth about $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of Texas Instruments in the 4th quarter worth about $30,000. Magellan Asset Management Ltd bought a new position in shares of Texas Instruments in the 1st quarter worth about $32,000. Finally, Elequin Securities LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $33,000. 83.37% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.8 %

NASDAQ TXN traded down $1.31 during trading hours on Tuesday, hitting $164.53. 1,245,179 shares of the company’s stock were exchanged, compared to its average volume of 5,087,436. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69. Texas Instruments Incorporated has a 1-year low of $145.97 and a 1-year high of $188.12. The stock has a 50-day simple moving average of $173.17 and a 200 day simple moving average of $173.37. The firm has a market cap of $149.39 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.40 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm posted $2.45 earnings per share. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 7.34 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared 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 was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a yield of 3.01%. Texas Instruments’s dividend payout ratio (DPR) is currently 59.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXN. StockNews.com initiated coverage on shares of Texas Instruments in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Tuesday, July 25th. Truist Financial reduced their target price on shares of Texas Instruments from $178.00 to $174.00 in a research note on Wednesday, July 26th. Citigroup boosted their target price on shares of Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus boosted their target price on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $185.32.

Insider Buying and Selling

In other news, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction 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 completion of the transaction, the director now directly owns 35,801 shares in the company, valued at $6,445,612.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Texas Instruments news, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the completion of the sale, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 10,539 shares of the business’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 completion of the sale, the director now directly owns 32,662 shares of the company’s stock, valued at approximately $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 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.