Verity & Verity LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,898 shares of the semiconductor company’s stock after acquiring an additional 2,214 shares during the period. Texas Instruments comprises approximately 1.9% of Verity & Verity LLC’s holdings, making the stock its 17th largest holding. Verity & Verity LLC’s holdings in Texas Instruments were worth $8,262,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Green Square Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $1,354,000. Highwater Wealth Management LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $34,000. Bahl & Gaynor Inc. grew its holdings in shares of Texas Instruments by 47.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after acquiring an additional 904,477 shares in the last quarter. Morgan Stanley grew its holdings in shares of Texas Instruments by 12.1% in the 3rd quarter. Morgan Stanley now owns 5,941,759 shares of the semiconductor company’s stock valued at $637,490,000 after acquiring an additional 642,841 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Texas Instruments by 1.2% in the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 105 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
In other Texas Instruments news, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the sale, the director now owns 40,299 shares of the company’s stock, valued at $4,677,907.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bing Xie sold 20,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the sale, the insider now directly owns 53,934 shares in the company, valued at approximately $6,296,794.50. The disclosure for this sale can be found here. In the last three months, insiders sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on the company. BidaskClub cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Nomura began coverage on Texas Instruments in a report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price target for the company. Wells Fargo & Co reduced their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $124.00 price target on shares of Texas Instruments in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $111.18.
TXN traded down $0.77 during trading on Friday, hitting $105.06. 2,672,985 shares of the stock traded hands, compared to its average volume of 5,511,500. The company has a market cap of $100.39 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $119.32.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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