Toronto Dominion Bank decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 607,398 shares of the semiconductor company’s stock after selling 51,847 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Texas Instruments worth $69,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of Texas Instruments by 103.2% during the first quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after purchasing an additional 6,245 shares in the last quarter. Dowling & Yahnke LLC grew its position in shares of Texas Instruments by 0.7% during the second quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock worth $7,135,000 after buying an additional 422 shares in the last quarter. ARP Americas LP grew its position in shares of Texas Instruments by 233.4% during the second quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock worth $2,524,000 after buying an additional 15,400 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Texas Instruments by 16.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,216 shares of the semiconductor company’s stock worth $373,000 after buying an additional 456 shares during the period. Finally, M Holdings Securities Inc. purchased a new stake in shares of Texas Instruments during the first quarter worth approximately $216,000. 85.69% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on TXN shares. CIBC lifted their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. BMO Capital Markets raised their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $118.71.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
In related news, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ellen Barker sold 17,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $128.15, for a total transaction of $2,242,625.00. Following the transaction, the insider now directly owns 47,660 shares of the company’s stock, valued at $6,107,629. The disclosure for this sale can be found here. Insiders have sold 1,251,117 shares of company stock valued at $159,473,823 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
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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