Tocqueville Asset Management L.P. Has $1.42 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tocqueville Asset Management L.P. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,356 shares of the semiconductor company’s stock after acquiring an additional 100 shares during the period. Tocqueville Asset Management L.P.’s holdings in Texas Instruments were worth $1,418,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Meridian Wealth Management LLC raised its stake in shares of Texas Instruments by 5.3% in the second quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 86 shares during the last quarter. Coastline Trust Co raised its stake in shares of Texas Instruments by 1.1% in the second quarter. Coastline Trust Co now owns 8,505 shares of the semiconductor company’s stock worth $976,000 after acquiring an additional 90 shares during the last quarter. Culbertson A N & Co. Inc. raised its stake in shares of Texas Instruments by 0.3% in the second quarter. Culbertson A N & Co. Inc. now owns 27,278 shares of the semiconductor company’s stock worth $3,130,000 after acquiring an additional 94 shares during the last quarter. HNP Capital LLC raised its stake in shares of Texas Instruments by 1.3% in the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after acquiring an additional 95 shares during the last quarter. Finally, Liberty Wealth Management LLC raised its stake in shares of Texas Instruments by 10.0% in the second quarter. Liberty Wealth Management LLC now owns 1,070 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.

A number of equities analysts have weighed in on TXN shares. Longbow Research downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 target price for the company. in a research note on Wednesday, April 17th. Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research note on Monday, April 22nd. Deutsche Bank reissued a “neutral” rating and set a $120.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. SunTrust Banks boosted their price target on shares of Texas Instruments to $133.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.74.



In related news, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the completion of the transaction, the chief financial officer now owns 94,648 shares in the company, valued at $12,116,836.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the completion of the transaction, the insider now owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. Corporate insiders own 0.89% of the company’s stock.

Shares of NASDAQ TXN opened at $120.60 on Thursday. The firm has a market capitalization of $112.11 billion, a PE ratio of 22.25, a P/E/G ratio of 2.27 and a beta of 1.25. The firm’s 50 day moving average price is $119.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $130.37.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is currently 56.83%.

About Texas Instruments

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

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