Abner Herrman & Brock LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Abner Herrman & Brock LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,208 shares of the semiconductor company’s stock, valued at approximately $758,000.

A number of other hedge funds have also recently modified their holdings of the stock. Sittner & Nelson LLC grew its stake in shares of Texas Instruments by 892.9% during the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Texas Instruments in the first quarter valued at $28,000. Magellan Asset Management Ltd acquired a new position in shares of Texas Instruments in the first quarter worth about $32,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $30,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In related news, Director Carrie Smith Cox sold 16,055 shares of the firm’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 transaction of $2,890,542.20. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. 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 sale, the director now owns 35,801 shares in the company, valued at approximately $6,445,612.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction 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 $5,857,603.08. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. UBS Group reduced their price objective on Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Barclays upped their price objective on shares of Texas Instruments from $165.00 to $175.00 in a research note on Wednesday, July 26th. Citigroup upped their price target on Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Rosenblatt Securities reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Tuesday, July 25th. Finally, StockNews.com started coverage on Texas Instruments in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $185.32.

Texas Instruments Trading Up 0.7 %

Shares of NASDAQ TXN traded up $1.10 during trading on Thursday, reaching $165.46. The stock had a trading volume of 750,664 shares, compared to its average volume of 5,066,663. The business’s 50-day moving average price is $172.84 and its 200-day moving average price is $173.33. The company has a market cap of $150.23 billion, a P/E ratio of 19.75, a PEG ratio of 2.40 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $145.97 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.35 and a current ratio of 5.72.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the business earned $2.45 EPS. Texas Instruments’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 7.34 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 annualized dividend and a yield of 3.00%. Texas Instruments’s dividend payout ratio is currently 59.62%.

Texas Instruments 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.