Buckley Wealth Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,524 shares of the semiconductor company’s stock after acquiring an additional 1,300 shares during the quarter. Texas Instruments comprises approximately 0.8% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Buckley Wealth Management LLC’s holdings in Texas Instruments were worth $2,254,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Sittner & Nelson LLC lifted its stake in Texas Instruments by 892.9% in the first quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $28,000. Coppell Advisory Solutions Corp. bought a new stake in Texas Instruments in the 4th quarter valued at $30,000. Magellan Asset Management Ltd acquired a new position in Texas Instruments in the 1st quarter worth $32,000. Finally, Godsey & Gibb Inc. bought a new position in Texas Instruments during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 83.37% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on TXN shares. UBS Group reduced their price objective on Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Mizuho decreased their price target on shares of Texas Instruments from $185.00 to $181.00 in a research note on Wednesday, July 26th. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research report on Wednesday, July 26th. Wolfe Research began coverage on shares of Texas Instruments in a research report on Wednesday, July 19th. They issued a “peer perform” rating for the company. Finally, StockNews.com began coverage on shares of Texas Instruments in a research report on Thursday, August 17th. They set a “hold” 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $185.32.
Texas Instruments Stock Performance
Shares of TXN stock traded down $0.13 during midday trading on Monday, hitting $162.49. 657,038 shares of the company were exchanged, compared to its average volume of 5,085,732. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12. The firm has a market capitalization of $147.54 billion, a P/E ratio of 19.56, a PEG ratio of 2.42 and a beta of 1.03. The firm’s 50 day moving average price is $172.20 and its two-hundred day moving average price is $173.18. 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 – 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, topping analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The business’s revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 7.34 earnings per share for the current 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 paid a $1.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 annualized dividend and a dividend yield of 3.05%. Texas Instruments’s dividend payout ratio (DPR) is presently 59.62%.
Insider Buying and Selling
In other 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 transaction, the director now directly owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Carrie Smith Cox sold 16,055 shares of the stock in a transaction 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 sale, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, 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 owned by insiders.
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.
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