SRS Capital Advisors Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 117.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,081 shares of the semiconductor company’s stock after purchasing an additional 1,666 shares during the period. SRS Capital Advisors Inc.’s holdings in Texas Instruments were worth $320,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. BlackRock Inc. raised its holdings in shares of Texas Instruments by 2.5% during the fourth quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after acquiring an additional 1,682,070 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $241,000. Segall Bryant & Hamill LLC raised its holdings in shares of Texas Instruments by 3.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 25,811 shares of the semiconductor company’s stock worth $2,696,000 after acquiring an additional 812 shares during the period. Banco de Sabadell S.A acquired a new stake in shares of Texas Instruments during the fourth quarter worth $2,492,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Texas Instruments by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 221,817 shares of the semiconductor company’s stock worth $23,167,000 after acquiring an additional 7,332 shares during the period. Institutional investors own 84.33% of the company’s stock.
A number of equities research analysts recently commented on TXN shares. UBS Group started coverage on shares of Texas Instruments in a report on Wednesday, April 4th. They set a “sell” rating and a $85.00 price objective on the stock. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Tuesday, April 3rd. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Longbow Research started coverage on shares of Texas Instruments in a report on Tuesday, March 27th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Texas Instruments has an average rating of “Buy” and a consensus target price of $113.36.
Shares of Texas Instruments opened at $118.11 on Thursday, according to Marketbeat Ratings. Texas Instruments Incorporated has a one year low of $75.92 and a one year high of $120.75. The stock has a market capitalization of $115.18 billion, a PE ratio of 27.60, a PEG ratio of 2.29 and a beta of 1.28. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. research analysts forecast that Texas Instruments Incorporated will post 5.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 7th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, May 4th. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.
In related news, VP Niels Anderskouv sold 20,191 shares of Texas Instruments stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $110.13, for a total transaction of $2,223,634.83. Following the completion of the sale, the vice president now owns 110,187 shares of the company’s stock, valued at approximately $12,134,894.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin J. Ritchie sold 52,698 shares of Texas Instruments stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the sale, the insider now directly owns 172,545 shares of the company’s stock, valued at approximately $19,009,282.65. The disclosure for this sale can be found here. In the last three months, insiders sold 175,484 shares of company stock valued at $19,325,083. Insiders own 0.84% 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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