Brookstone Capital Management Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brookstone Capital Management raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 15.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,434 shares of the semiconductor company’s stock after buying an additional 1,825 shares during the quarter. Brookstone Capital Management’s holdings in Texas Instruments were worth $2,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Range Financial Group LLC lifted its position in Texas Instruments by 1.0% during the second quarter. Range Financial Group LLC now owns 11,367 shares of the semiconductor company’s stock valued at $1,746,000 after purchasing an additional 112 shares during the last quarter. Sound Income Strategies LLC increased its stake in Texas Instruments by 29.2% in the second quarter. Sound Income Strategies LLC now owns 890 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 201 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in Texas Instruments by 3.1% during the second quarter. Beese Fulmer Investment Management Inc. now owns 42,584 shares of the semiconductor company’s stock valued at $6,543,000 after purchasing an additional 1,288 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in Texas Instruments by 22.8% during the second quarter. 180 Wealth Advisors LLC now owns 4,528 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 840 shares during the last quarter. Finally, Capital Market Strategies LLC boosted its holdings in shares of Texas Instruments by 37.2% in the 2nd quarter. Capital Market Strategies LLC now owns 1,949 shares of the semiconductor company’s stock worth $299,000 after purchasing an additional 528 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Texas Instruments news, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was 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 owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction that occurred on 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 owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela H. Patsley sold 12,299 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $176.64, for a total value of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at $5,668,024.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock valued at $10,241,311 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup raised their price objective on Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Morgan Stanley increased their target price on shares of Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. StockNews.com downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Finally, Bank of America cut Texas Instruments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $190.00 to $175.00 in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $182.19.

Texas Instruments Stock Down 0.1 %

Shares of NASDAQ TXN opened at $166.06 on Wednesday. The firm has a fifty day simple moving average of $170.67 and a two-hundred day simple moving average of $169.62. The firm has a market capitalization of $151.73 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. The company has a current ratio of 5.09, a quick ratio of 4.24 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.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.38. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.53 billion. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. Equities analysts expect that Texas Instruments Incorporated will post 9.35 earnings per share for the current year.

Texas Instruments declared that its Board of Directors has initiated a share buyback program on Thursday, September 15th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 10.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. This represents a $4.96 annualized dividend and a dividend yield of 2.99%. Texas Instruments’s payout ratio is currently 50.33%.

Texas Instruments Company 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.

Featured Articles

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNGet Rating).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.