Optas LLC Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Optas LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 3,209 shares of the semiconductor company’s stock after acquiring an additional 90 shares during the quarter. Optas LLC’s holdings in Texas Instruments were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Finally, Westend Capital Management LLC bought a new position in Texas Instruments in the 1st quarter worth about $31,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.6 %

Texas Instruments stock traded up $1.10 during trading hours on Friday, reaching $194.53. The company had a trading volume of 8,860,990 shares, compared to its average volume of 4,647,702. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a 50-day moving average price of $190.26 and a 200 day moving average price of $175.38. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TXN shares. Citigroup raised their target price on Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Susquehanna lifted their price target on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Stifel Nicolaus lifted their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Cantor Fitzgerald lifted their price target on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $183.43.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.