Avantax Planning Partners Inc. Purchases 1,414 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Avantax Planning Partners Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,060 shares of the semiconductor company’s stock after purchasing an additional 1,414 shares during the period. Avantax Planning Partners Inc.’s holdings in Texas Instruments were worth $5,148,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $1,534,890,000. Renaissance Technologies LLC raised its position in shares of Texas Instruments by 360.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock valued at $321,153,000 after purchasing an additional 1,333,800 shares during the period. State Street Corp raised its position in shares of Texas Instruments by 2.9% in the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after purchasing an additional 1,146,109 shares during the period. Toronto Dominion Bank raised its position in shares of Texas Instruments by 88.9% in the fourth quarter. Toronto Dominion Bank now owns 2,017,301 shares of the semiconductor company’s stock valued at $380,194,000 after purchasing an additional 949,615 shares during the period. Finally, BlackRock Inc. raised its position in shares of Texas Instruments by 1.2% in the fourth quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company’s stock valued at $13,906,299,000 after purchasing an additional 885,939 shares during the period. 83.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now directly owns 19,201 shares of the company’s stock, valued at approximately $3,252,649.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $169.40, for a total value of $2,083,450.60. Following the sale, the director now directly owns 19,201 shares of the company’s stock, valued at approximately $3,252,649.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Kyle M. Flessner sold 43,068 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares in the company, valued at $11,955,124.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,618 shares of company stock valued at $13,329,800. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. StockNews.com raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Oppenheimer cut their price target on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st. Sanford C. Bernstein boosted their price target on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, Susquehanna cut their price target on shares of Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Trading Down 0.3 %

TXN stock traded down $0.61 during trading on Friday, hitting $184.30. The company had a trading volume of 3,690,099 shares, compared to its average volume of 5,436,901. The firm has a 50-day moving average price of $162.24 and a 200-day moving average price of $169.69. The company has a quick ratio of 4.24, a current ratio of 5.09 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 12 month low of $144.46 and a 12 month high of $202.26. The stock has a market cap of $168.40 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.12 and a beta of 1.02.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Monday, August 1st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, July 29th. Texas Instruments’s payout ratio is presently 50.33%.

Texas Instruments Profile

(Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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