Klingman & Associates LLC Buys 1,354 Shares of Texas Instruments Incorporated $TXN

Klingman & Associates LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 39.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,795 shares of the semiconductor company’s stock after buying an additional 1,354 shares during the period. Klingman & Associates LLC’s holdings in Texas Instruments were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter worth $28,000. Dagco Inc. bought a new position in Texas Instruments in the 1st quarter worth about $32,000. CBIZ Investment Advisory Services LLC boosted its stake in Texas Instruments by 67.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 75 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in Texas Instruments during the 2nd quarter valued at about $42,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments in the first quarter worth about $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Texas Instruments Trading Up 1.7%

Shares of NASDAQ:TXN opened at $179.59 on Tuesday. The stock’s 50-day simple moving average is $187.17 and its two-hundred day simple moving average is $185.96. The stock has a market capitalization of $163.27 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a $1.42 dividend. The ex-dividend date is Friday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.2%. Texas Instruments’s payout ratio is 99.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $192.00 to $185.00 and set a “hold” rating for the company in a report on Friday. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research report on Monday, July 28th. Morgan Stanley decreased their target price on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating for the company in a research report on Friday, September 12th. Finally, Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $209.47.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. 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.