Mathes Company Inc. Has $3.33 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mathes Company Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,775 shares of the semiconductor company’s stock after selling 550 shares during the quarter. Texas Instruments accounts for 1.7% of Mathes Company Inc.’s holdings, making the stock its 20th biggest holding. Mathes Company Inc.’s holdings in Texas Instruments were worth $3,331,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. raised its position in Texas Instruments by 1.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,536 shares of the semiconductor company’s stock valued at $715,000 after purchasing an additional 81 shares during the last quarter. Atria Investments LLC raised its position in Texas Instruments by 0.4% in the second quarter. Atria Investments LLC now owns 22,632 shares of the semiconductor company’s stock valued at $2,758,000 after purchasing an additional 85 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Texas Instruments by 2.5% in the third quarter. Capital Investment Advisory Services LLC now owns 3,550 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 85 shares during the last quarter. Meridian Wealth Management LLC raised its position in Texas Instruments by 5.3% in the second quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 86 shares during the last quarter. Finally, Fiduciary Group LLC raised its position in Texas Instruments by 1.7% in the second quarter. Fiduciary Group LLC now owns 5,338 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 89 shares during the last quarter. 85.38% of the stock is currently owned by institutional investors.

NASDAQ TXN traded up $1.09 during trading hours on Monday, hitting $130.55. 102,047 shares of the company’s stock were exchanged, compared to its average volume of 4,298,153. The stock has a 50-day simple moving average of $127.71 and a 200 day simple moving average of $118.44. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $132.20. The firm has a market cap of $121.49 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.46 and a beta of 1.26. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 2.76%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.

In related news, SVP Bing Xie sold 52,299 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the completion of the sale, the senior vice president now owns 106,264 shares of the company’s stock, valued at $13,575,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the sale, the insider now directly 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. Insiders have sold 1,251,117 shares of company stock valued at $159,473,823 in the last ninety days. 0.89% of the stock is currently owned by insiders.

Several equities analysts have commented on TXN shares. Stifel Nicolaus dropped their target price on Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Loop Capital raised their price objective on Texas Instruments to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets raised their price objective on Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer raised their price objective on Texas Instruments from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $120.12.

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

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