Moloney Securities Asset Management LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,970 shares of the semiconductor company’s stock after purchasing an additional 595 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Texas Instruments were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cordasco Financial Network bought a new stake in Texas Instruments in the first quarter worth $27,000. CX Institutional boosted its holdings in Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 140 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in Texas Instruments in the fourth quarter worth $34,000. Intercontinental Wealth Advisors LLC bought a new stake in Texas Instruments in the fourth quarter worth $40,000. Finally, Essex Savings Bank bought a new stake in Texas Instruments in the fourth quarter worth $42,000. Institutional investors own 86.77% of the company’s stock.
In other Texas Instruments news, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the completion of the sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rafael R. Lizardi sold 27,675 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total value of $3,262,052.25. Following the sale, the insider now directly owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 948,656 shares of company stock valued at $110,460,121. 0.89% of the stock is owned by company insiders.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. Texas Instruments’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
TXN has been the topic of several analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $120.00 target price on shares of Texas Instruments in a report on Thursday, January 24th. Jefferies Financial Group reissued a “buy” rating and issued a $137.00 target price (down from $139.00) on shares of Texas Instruments in a report on Thursday, January 24th. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 target price on shares of Texas Instruments in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $130.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $111.18.
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Texas Instruments Profile
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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