Naviter Wealth LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Naviter Wealth LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 62.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,797 shares of the semiconductor company’s stock after purchasing an additional 3,781 shares during the period. Naviter Wealth LLC’s holdings in Texas Instruments were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Westend Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Barclays boosted their target price on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, May 20th. Susquehanna boosted their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 2.0 %

TXN traded up $3.82 during trading on Tuesday, hitting $198.42. The company’s stock had a trading volume of 4,167,840 shares, compared to its average volume of 5,544,463. The stock has a market cap of $180.66 billion, a PE ratio of 31.03, a PEG ratio of 4.21 and a beta of 0.99. 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 firm’s 50 day moving average price is $190.89 and its 200-day moving average price is $175.56. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.62%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Texas Instruments Company Profile

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.