We Are One Seven LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,042 shares of the semiconductor company’s stock after purchasing an additional 97 shares during the period. We Are One Seven LLC’s holdings in Texas Instruments were worth $393,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TXN. Advisory Services Network LLC grew its holdings in shares of Texas Instruments by 103.2% in the 1st quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after buying an additional 6,245 shares during the period. Dowling & Yahnke LLC grew its holdings in shares of Texas Instruments by 0.7% in the 2nd quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock valued at $7,135,000 after buying an additional 422 shares during the period. ARP Americas LP grew its holdings in shares of Texas Instruments by 233.4% in the 2nd quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock valued at $2,524,000 after buying an additional 15,400 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Texas Instruments by 16.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,216 shares of the semiconductor company’s stock valued at $373,000 after buying an additional 456 shares during the period. Finally, M Holdings Securities Inc. acquired a new position in shares of Texas Instruments in the 1st quarter valued at $216,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
Shares of NASDAQ:TXN opened at $130.09 on Friday. The company’s 50-day moving average price is $126.57 and its two-hundred day moving average price is $117.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $131.80. The stock has a market capitalization of $118.98 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 annualized dividend and a yield of 2.77%. Texas Instruments’s payout ratio is 56.83%.
Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Texas Instruments from $93.00 to $100.00 and gave the company a “sell” rating in a report on Thursday, August 22nd. Loop Capital boosted their price target on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. CIBC upped their target price on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $119.74.
In other Texas Instruments news, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the sale, the insider now directly owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bing Xie sold 52,299 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the sale, the senior vice president now directly owns 106,264 shares in the company, valued at $13,575,226. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock worth $159,473,823 over the last three months. Insiders own 0.89% of the company’s stock.
Texas Instruments Company 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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