Chartwell Investment Partners LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,696 shares of the semiconductor company’s stock after purchasing an additional 3,785 shares during the period. Chartwell Investment Partners LLC’s holdings in Texas Instruments were worth $3,771,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TXN. Perennial Advisors LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $26,000. Toth Financial Advisory Corp acquired a new stake in Texas Instruments in the second quarter worth $31,000. HHM Wealth Advisors LLC bought a new position in shares of Texas Instruments during the first quarter worth $34,000. Pathstone Family Office LLC grew its holdings in shares of Texas Instruments by 65.0% in the 1st quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 139 shares during the period. Finally, Evolution Wealth Advisors LLC grew its holdings in shares of Texas Instruments by 89.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 131 shares during the period. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on TXN shares. SunTrust Banks lifted their target price on Texas Instruments from $109.00 to $114.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Susquehanna Bancshares lifted their price objective on Texas Instruments from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Rosenblatt Securities boosted their price objective on Texas Instruments from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Deutsche Bank raised their target price on shares of Texas Instruments from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $138.00 price target for the company in a report on Wednesday, July 15th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and an average price target of $134.00.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.
In other Texas Instruments news, VP Ahmad Bahai sold 3,185 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the completion of the sale, the vice president now directly owns 27,168 shares in the company, valued at $3,139,805.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 12,156 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $132.18, for a total value of $1,606,780.08. Following the sale, the director now owns 43,082 shares of the company’s stock, valued at approximately $5,694,578.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,396 shares of company stock worth $15,983,413. 0.73% of the stock is owned by company insiders.
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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