Stokes Capital Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,896 shares of the semiconductor company’s stock after buying an additional 566 shares during the period. Texas Instruments comprises about 2.1% of Stokes Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Stokes Capital Advisors LLC’s holdings in Texas Instruments were worth $4,269,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TXN. Advisor Group Holdings Inc. bought a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $16,929,000. Wedbush Securities Inc. increased its holdings in shares of Texas Instruments by 3.1% in the 2nd quarter. Wedbush Securities Inc. now owns 6,500 shares of the semiconductor company’s stock valued at $825,000 after acquiring an additional 194 shares during the last quarter. Cohen & Steers Inc. bought a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $157,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Texas Instruments by 5.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,843 shares of the semiconductor company’s stock valued at $3,536,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Texas Instruments by 14.5% in the 2nd quarter. Private Advisor Group LLC now owns 29,561 shares of the semiconductor company’s stock valued at $3,753,000 after acquiring an additional 3,741 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.
TXN has been the subject of a number of recent research reports. Barclays upped their price objective on Texas Instruments from $105.00 to $120.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Bank of America upped their price objective on Texas Instruments from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday. BNP Paribas downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and set a $108.00 price objective for the company. in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, 140166 upped their price objective on Texas Instruments from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. Texas Instruments has a consensus rating of “Hold” and an average target price of $139.38.
Shares of NASDAQ TXN opened at $153.12 on Friday. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $155.88. The company has a market cap of $140.25 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.89 and a beta of 1.14. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $142.37 and a 200-day simple moving average of $127.12.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.66%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 29th. Texas Instruments’s dividend payout ratio is currently 68.70%.
Texas Instruments Company 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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