Allworth Financial LP Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Allworth Financial LP boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 2.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,451 shares of the semiconductor company’s stock after purchasing an additional 223 shares during the quarter. Allworth Financial LP’s holdings in Texas Instruments were worth $1,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Mizuho Securities Co. Ltd. grew its holdings in Texas Instruments by 280.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 101 shares during the period. Rather & Kittrell Inc. purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Blume Capital Management Inc. purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $33,000. IAG Wealth Partners LLC grew its holdings in shares of 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 buying an additional 75 shares during the last quarter. Finally, First PREMIER Bank purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Texas Instruments from $162.00 to $148.00 in a report on Friday, July 15th. Mizuho cut their price target 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. StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Texas Instruments from $175.00 to $160.00 in a research report on Wednesday, July 20th. Finally, Sanford C. Bernstein increased their price objective on shares of Texas Instruments to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.19.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were 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 of the company’s stock, valued at approximately $5,668,024.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were 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 of the company’s stock, valued at approximately $5,668,024.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mark T. Roberts sold 2,048 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total transaction of $363,520.00. Following the sale, the vice president now directly owns 28,475 shares in the company, valued at approximately $5,054,312.50. 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 in the last 90 days. Insiders own 0.54% of the company’s stock.

Texas Instruments Trading Down 0.4 %

NASDAQ:TXN opened at $162.62 on Friday. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09. The firm has a market cap of $148.59 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. The firm has a 50-day simple moving average of $171.17 and a 200-day simple moving average of $169.54.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.53 billion. Equities analysts anticipate that Texas Instruments Incorporated will post 9.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a $1.24 dividend. 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 3.05%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s payout ratio is presently 50.33%.

Texas Instruments announced that its board has authorized a stock repurchase program on Thursday, September 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 10.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Texas Instruments

(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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