Wright Investors Service Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,693 shares of the semiconductor company’s stock after buying an additional 206 shares during the quarter. Wright Investors Service Inc.’s holdings in Texas Instruments were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Meridian Wealth Management LLC lifted its holdings in Texas Instruments by 5.3% during the 2nd quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock worth $196,000 after buying an additional 86 shares during the last quarter. Coastline Trust Co lifted its holdings in Texas Instruments by 1.1% during the 2nd quarter. Coastline Trust Co now owns 8,505 shares of the semiconductor company’s stock worth $976,000 after buying an additional 90 shares during the last quarter. Culbertson A N & Co. Inc. lifted its holdings in Texas Instruments by 0.3% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 27,278 shares of the semiconductor company’s stock worth $3,130,000 after buying an additional 94 shares during the last quarter. HNP Capital LLC lifted its holdings in Texas Instruments by 1.3% during the 1st quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after buying an additional 95 shares during the last quarter. Finally, Liberty Wealth Management LLC lifted its holdings in Texas Instruments by 10.0% during the 2nd quarter. Liberty Wealth Management LLC now owns 1,070 shares of the semiconductor company’s stock worth $123,000 after buying an additional 97 shares during the last quarter. 85.91% of the stock is owned by institutional investors and hedge funds.
In related news, insider R Gregory Delagi sold 450,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, the insider now owns 243,755 shares in the company, valued at approximately $31,276,204.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the completion of the sale, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,251,117 shares of company stock worth $159,473,823. Insiders own 0.89% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is currently 56.83%.
A number of analysts have issued reports on TXN shares. Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price target for the company. in a report on Wednesday, April 17th. UBS Group reissued a “sell” rating and issued a $90.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Nomura began coverage on Texas Instruments in a report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price for the company. Charter Equity raised Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and an average target price of $118.74.
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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