Rock Creek Group LP increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 68.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,690 shares of the semiconductor company’s stock after purchasing an additional 688 shares during the quarter. Rock Creek Group LP’s holdings in Texas Instruments were worth $325,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TXN. Argent Advisors Inc. boosted its position in Texas Instruments by 2.7% in the 2nd quarter. Argent Advisors Inc. now owns 2,058 shares of the semiconductor company’s stock valued at $396,000 after buying an additional 54 shares during the last quarter. Procyon Private Wealth Partners LLC boosted its holdings in Texas Instruments by 3.9% in the second quarter. Procyon Private Wealth Partners LLC now owns 1,545 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 58 shares during the last quarter. Human Investing LLC increased its position in Texas Instruments by 0.4% in the second quarter. Human Investing LLC now owns 13,907 shares of the semiconductor company’s stock worth $2,674,000 after purchasing an additional 59 shares during the period. DeDora Capital Inc. raised its holdings in Texas Instruments by 1.9% during the 2nd quarter. DeDora Capital Inc. now owns 3,398 shares of the semiconductor company’s stock worth $653,000 after purchasing an additional 62 shares during the last quarter. Finally, Glassman Wealth Services boosted its stake in shares of Texas Instruments by 5.5% in the 2nd quarter. Glassman Wealth Services now owns 1,273 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 66 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.
TXN has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of Texas Instruments from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. Citigroup upped their price objective on Texas Instruments from $215.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, July 15th. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 target price on the stock. in a report on Tuesday, June 29th. Raymond James upped their price target on Texas Instruments from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. Finally, Morgan Stanley boosted their price objective on shares of Texas Instruments from $176.00 to $185.00 and gave the company an “underweight” rating in a report on Monday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $203.88.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.23. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.36 billion. Texas Instruments had a return on equity of 69.28% and a net margin of 40.12%. The business’s quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. On average, sell-side analysts expect that Texas Instruments Incorporated will post 7.88 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 9th. Shareholders 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 (DPR) is currently 68.34%.
In other news, 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 transaction, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at $3,165,424.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jean M. Hobby sold 900 shares of the company’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $192.04, for a total transaction of $172,836.00. The disclosure for this sale can be found here. Company 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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