YHB Investment Advisors Inc. purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,946 shares of the semiconductor company’s stock, valued at approximately $206,000.
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 worth $1,354,000. Highwater Wealth Management LLC acquired a new stake in Texas Instruments during the 4th quarter worth $34,000. Bahl & Gaynor Inc. raised its stake in Texas Instruments by 47.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock worth $264,036,000 after buying an additional 904,477 shares during the period. Morgan Stanley raised its stake in Texas Instruments by 12.1% during the 3rd quarter. Morgan Stanley now owns 5,941,759 shares of the semiconductor company’s stock worth $637,490,000 after buying an additional 642,841 shares during the period. Finally, Wedbush Securities Inc. raised its stake in Texas Instruments by 1.2% during the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock worth $839,000 after buying an additional 105 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.
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. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $119.32. 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 (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 56.83%.
Several analysts have issued reports on the company. BidaskClub downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, January 28th. Bank of America restated a “neutral” rating and issued a $122.00 price objective (up previously from $114.00) on shares of Texas Instruments in a report on Wednesday, April 24th. Robert W. Baird raised their price objective on Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $130.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $111.18.
In other news, CEO Richard K. Templeton sold 160,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.77, for a total transaction of $18,683,200.00. Following the completion of the transaction, the chief executive officer now directly owns 930,287 shares in the company, valued at $108,629,612.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carrie Smith Cox sold 17,002 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the completion of the sale, the director now directly owns 40,299 shares in the company, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 879,332 shares of company stock valued at $103,024,864. Company insiders own 0.89% of the company’s stock.
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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