Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by AdvisorNet Financial Inc

AdvisorNet Financial Inc lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 7.8% in the 2nd quarter, Holdings Channel reports. The fund owned 1,517 shares of the semiconductor company’s stock after selling 128 shares during the period. AdvisorNet Financial Inc’s holdings in Texas Instruments were worth $233,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.8% during the first quarter. Vanguard Group Inc. now owns 85,644,674 shares of the semiconductor company’s stock worth $15,714,085,000 after acquiring an additional 701,996 shares during the last quarter. BlackRock Inc. grew its position in shares of Texas Instruments by 2.0% during the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after acquiring an additional 1,484,246 shares during the last quarter. State Street Corp grew its position in shares of Texas Instruments by 2.9% during the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock worth $7,582,073,000 after acquiring an additional 1,146,109 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Texas Instruments by 7.6% during the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock worth $5,763,635,000 after acquiring an additional 2,209,099 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Texas Instruments by 2.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,924,982 shares of the semiconductor company’s stock worth $3,472,355,000 after purchasing an additional 421,129 shares during the period. 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 company’s stock in a transaction dated 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 transaction, the director now owns 32,088 shares in the company, valued at approximately $5,668,024.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 value of $2,172,495.36. Following the transaction, the director now owns 32,088 shares in the company, valued at approximately $5,668,024.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now owns 66,822 shares in the company, valued at approximately $11,955,124.02. The disclosure for this sale can be found here. Insiders have sold 57,415 shares of company stock worth $10,241,311 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXN. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Oppenheimer reduced their price objective on shares of Texas Instruments from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 21st. Benchmark began coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price objective for the company. Sanford C. Bernstein upped their price objective on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, DZ Bank downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Tuesday, July 5th. Two 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.19.

Texas Instruments Price Performance

TXN stock opened at $166.06 on Wednesday. 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 one year low of $144.46 and a one year high of $202.26. The firm has a market capitalization of $151.73 billion, a PE ratio of 18.17, a P/E/G ratio of 1.90 and a beta of 1.03. The firm has a 50-day moving average of $170.67 and a two-hundred day moving average of $169.62.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $2.45 EPS 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 company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.53 billion. On average, analysts forecast that Texas Instruments Incorporated will post 9.35 earnings per share for the current year.

Texas Instruments declared that its board has approved a share repurchase 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 usually a sign that the company’s board believes its stock is undervalued.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be issued a $1.24 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.99%. Texas Instruments’s dividend payout ratio is currently 50.33%.

Texas Instruments 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.

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

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