Mercer Global Advisors Inc. ADV Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mercer Global Advisors Inc. ADV grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.6% during the second quarter, Holdings Channel reports. The institutional investor owned 75,101 shares of the semiconductor company’s stock after buying an additional 10,140 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Texas Instruments were worth $14,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Texas Instruments by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,469,849 shares of the semiconductor company’s stock worth $4,246,577,000 after acquiring an additional 986,794 shares during the last quarter. Geode Capital Management LLC increased its stake in Texas Instruments by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 15,979,373 shares of the semiconductor company’s stock worth $3,012,758,000 after acquiring an additional 466,188 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Texas Instruments by 16.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,806,440 shares of the semiconductor company’s stock worth $2,987,259,000 after acquiring an additional 2,218,722 shares during the last quarter. Alliancebernstein L.P. increased its stake in Texas Instruments by 0.3% in the 2nd quarter. Alliancebernstein L.P. now owns 5,717,542 shares of the semiconductor company’s stock worth $1,099,483,000 after acquiring an additional 19,704 shares during the last quarter. Finally, Morgan Stanley increased its stake in Texas Instruments by 3.3% in the 1st quarter. Morgan Stanley now owns 5,632,952 shares of the semiconductor company’s stock worth $1,064,571,000 after acquiring an additional 179,276 shares during the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TXN stock opened at $195.16 on Wednesday. Texas Instruments Incorporated has a twelve month low of $134.12 and a twelve month high of $197.58. The stock has a market capitalization of $180.17 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 2.59 and a beta of 1.01. The stock has a fifty day simple moving average of $189.20 and a two-hundred day simple moving average of $186.41. The company has a current ratio of 5.08, a quick ratio of 4.23 and a debt-to-equity ratio of 0.52.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Texas Instruments had a return on equity of 69.28% and a net margin of 40.12%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 41.4% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 7.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 9th. Investors of record on Monday, July 26th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, July 23rd. Texas Instruments’s dividend payout ratio is currently 68.34%.

Several equities analysts have recently weighed in on TXN shares. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 target price on the stock. in a research report on Tuesday, June 29th. Citigroup boosted their target price on Texas Instruments from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. KeyCorp boosted their target price on Texas Instruments from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 6th. Summit Redstone downgraded Texas Instruments to a “hold” rating in a research report on Thursday, July 22nd. Finally, Rosenblatt Securities boosted their target price on Texas Instruments from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $203.88.

In other news, Director Jean M. Hobby sold 900 shares of the stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $192.04, for a total value of $172,836.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Julie C. Knecht sold 7,399 shares of the stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $192.17, for a total value of $1,421,865.83. Following the completion of the transaction, the chief accounting officer now directly owns 16,472 shares in the company, valued at $3,165,424.24. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Texas Instruments Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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