1832 Asset Management L.P. Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

1832 Asset Management L.P. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 917,590 shares of the semiconductor company’s stock after buying an additional 154,442 shares during the quarter. 1832 Asset Management L.P.’s holdings in Texas Instruments were worth $166,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Mizuho Securities Co. Ltd. lifted its holdings in Texas Instruments by 280.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Life Planning Partners Inc purchased a new position in Texas Instruments during the fourth quarter valued at approximately $28,000. Rather & Kittrell Inc. purchased a new position in Texas Instruments during the fourth quarter valued at approximately $30,000. Blume Capital Management Inc. purchased a new position in Texas Instruments during the first quarter valued at approximately $33,000. Finally, IAG Wealth Partners LLC lifted its holdings in Texas Instruments by 62.0% during the fourth quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity

In other news, Director Pamela H. Patsley sold 12,299 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Mark T. Roberts sold 2,048 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the sale, the vice president now directly owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela H. Patsley sold 12,299 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,415 shares of company stock valued at $10,241,311. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $190.00 to $175.00 in a report on Wednesday, June 29th. Mizuho lowered their target price on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Oppenheimer lowered their target price on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Finally, DZ Bank downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Trading Down 0.1 %

TXN stock opened at $170.58 on Tuesday. 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 twelve month low of $144.46 and a twelve month high of $202.26. The stock has a market capitalization of $155.86 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. The firm’s fifty day simple moving average is $169.06 and its two-hundred day simple moving average is $169.81.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.38. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.53 billion. As a group, analysts anticipate that Texas Instruments Incorporated will post 9.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Stockholders of record on Monday, August 1st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, July 29th. Texas Instruments’s dividend payout ratio is currently 50.33%.

About Texas Instruments

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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.

Further Reading

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

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