BOK Financial Private Wealth Inc. Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

BOK Financial Private Wealth Inc. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 81.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590 shares of the semiconductor company’s stock after buying an additional 265 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Texas Instruments were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $26,000. Finally, Westend Capital Management LLC bought a new stake in Texas Instruments in the first quarter valued at approximately $31,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’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 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 Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction 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 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 is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, 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. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $0.15 during trading on Friday, hitting $198.79. 2,888,139 shares of the company’s stock were exchanged, compared to its average volume of 4,045,275. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The business’s 50-day simple moving average is $192.93 and its 200 day simple moving average is $176.31. The company has a market cap of $180.99 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.13 EPS 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 paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

Several analysts have weighed in on TXN shares. Jefferies Financial Group downgraded Texas Instruments from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $175.00 in a research report on Monday, May 13th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Mizuho increased their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price objective 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, Robert W. Baird increased their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.