Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 5.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,303 shares of the semiconductor company's stock after purchasing an additional 445 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Texas Instruments were worth $1,285,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co acquired a new position in Texas Instruments in the second quarter valued at approximately $25,000. Endurance Wealth Management Inc. purchased a new stake in Texas Instruments in the third quarter valued at approximately $26,000. SJS Investment Consulting Inc. purchased a new stake in Texas Instruments in the third quarter valued at approximately $27,000. Steward Financial Group LLC lifted its stake in Texas Instruments by 205.6% in the second quarter. Steward Financial Group LLC now owns 217 shares of the semiconductor company's stock valued at $33,000 after buying an additional 146 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Texas Instruments by 34.5% in the third quarter. Beacon Capital Management LLC now owns 234 shares of the semiconductor company's stock valued at $36,000 after buying an additional 60 shares during the last quarter. 83.12% of the stock is owned by institutional investors and hedge funds.
Get Texas Instruments alerts:Insider Transactions at Texas Instruments
In other news, Director Janet F. Clark sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the transaction, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the business's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares of the company's stock, valued at approximately $1,566,280.72. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on TXN. Susquehanna Bancshares reduced their price objective on Texas Instruments from $215.00 to $195.00 in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $155.00 to $158.00 in a research note on Wednesday, December 14th. Cowen reduced their price objective on Texas Instruments from $170.00 to $160.00 in a research note on Wednesday, October 26th. Cowen upped their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, UBS Group upped their price target on Texas Instruments from $165.00 to $190.00 and gave the stock a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $181.60.Texas Instruments Stock Down 1.2 %
Shares of NASDAQ:TXN traded down $2.12 during mid-day trading on Thursday, hitting $172.92. 1,948,922 shares of the company traded hands, compared to its average volume of 5,542,460. The firm has a market cap of $156.94 billion, a P/E ratio of 18.62, a PEG ratio of 2.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $191.34. The firm's 50 day simple moving average is $172.95 and its 200 day simple moving average is $168.66.
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.96 by $0.17. Texas Instruments had a return on equity of 61.46% and a net margin of 43.68%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $2.27 EPS. The company's revenue was down 3.4% on a year-over-year basis. On average, equities analysts anticipate that Texas Instruments Incorporated will post 7.91 EPS for the current year.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be given a $1.24 dividend. The ex-dividend date is Monday, January 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.87%. Texas Instruments's payout ratio is 52.77%.
Texas Instruments Profile
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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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