DMC Group LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

DMC Group LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,470 shares of the semiconductor company’s stock after acquiring an additional 544 shares during the quarter. DMC Group LLC’s holdings in Texas Instruments were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TXN. Thomasville National Bank purchased a new stake in Texas Instruments during the 1st quarter worth about $375,000. Lion Street Advisors LLC purchased a new position in shares of Texas Instruments in the 1st quarter worth about $225,000. Arete Wealth Advisors LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at about $879,000. Canandaigua National Bank & Trust Co. raised its holdings in shares of Texas Instruments by 1.2% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 36,889 shares of the semiconductor company’s stock valued at $6,641,000 after buying an additional 447 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Texas Instruments by 78.6% in the 1st quarter. Assetmark Inc. now owns 193,147 shares of the semiconductor company’s stock worth $35,927,000 after buying an additional 84,994 shares during the last quarter. 83.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $215.00 target price on shares of Texas Instruments in a research report on Monday. Sanford C. Bernstein cut Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, August 30th. Truist Financial dropped their target price on shares of Texas Instruments from $178.00 to $174.00 in a report on Wednesday, July 26th. Mizuho decreased their price objective on shares of Texas Instruments from $185.00 to $181.00 in a report on Wednesday, July 26th. Finally, StockNews.com initiated coverage on Texas Instruments in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $185.32.

Insider Buying and Selling

In other Texas Instruments news, Director Carrie Smith Cox sold 16,055 shares of the firm’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at the SEC website. In related news, Director Pamela H. Patsley sold 10,539 shares of Texas Instruments stock in a transaction dated Thursday, July 27th. The stock was 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 owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Texas Instruments Trading Up 0.1 %

NASDAQ TXN traded up $0.18 during trading hours on Tuesday, hitting $163.01. 1,189,567 shares of the company were exchanged, compared to its average volume of 5,077,718. The stock has a market cap of $148.01 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12. The stock has a 50-day moving average price of $172.20 and a 200 day moving average price of $173.18. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. Analysts forecast that Texas Instruments Incorporated will post 7.34 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 annualized dividend and a dividend yield of 3.04%. Texas Instruments’s dividend payout ratio (DPR) is 59.62%.

Texas Instruments Company 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.