One Capital Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,249 shares of the semiconductor company’s stock after selling 190 shares during the quarter. One Capital Management LLC’s holdings in Texas Instruments were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. grew its position in Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 279 shares during the period. Garrett Wealth Advisory Group LLC purchased a new position in Texas Instruments during the third quarter valued at approximately $48,000. Pathstone Family Office LLC lifted its holdings in Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 194 shares in the last quarter. TD Capital Management LLC purchased a new position in Texas Instruments during the second quarter valued at approximately $45,000. Finally, HMS Capital Management LLC purchased a new position in Texas Instruments during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.
TXN has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. UBS Group lifted 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. Stifel Nicolaus lowered their price target on shares of Texas Instruments from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Barclays lifted their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, BidaskClub raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $120.12.
Shares of TXN stock traded down $1.64 during mid-day trading on Tuesday, hitting $129.29. The company had a trading volume of 1,046,430 shares, compared to its average volume of 4,123,249. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $132.20. The stock’s 50 day moving average price is $128.06 and its 200-day moving average price is $118.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The company has a market capitalization of $120.87 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.45 and a beta of 1.26.
Texas Instruments (NASDAQ:TXN) last released its 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. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of $0.90 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s dividend payout ratio is presently 56.83%.
In related news, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the sale, the chief financial officer now owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is owned by insiders.
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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