Veracity Capital LLC Purchases 130 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Veracity Capital LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,393 shares of the semiconductor company’s stock after buying an additional 130 shares during the period. Veracity Capital LLC’s holdings in Texas Instruments were worth $417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $1,649,592,000. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System lifted its position in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. lifted its position in Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. lifted its position in Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 0.5 %

NASDAQ:TXN opened at $199.98 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $192.50 and its two-hundred day moving average is $176.09. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The stock has a market capitalization of $182.08 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’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 sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TXN shares. The Goldman Sachs Group boosted their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Mizuho boosted their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company began coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective for the company. Finally, TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.