Private Advisor Group LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Private Advisor Group LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,677 shares of the semiconductor company’s stock after buying an additional 4,897 shares during the period. Private Advisor Group LLC’s holdings in Texas Instruments were worth $13,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TXN. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in Texas Instruments during the 4th quarter worth $26,000. Westend Capital Management LLC acquired a new stake in Texas Instruments during the 1st quarter worth $31,000. Norwood Financial Corp acquired a new stake in Texas Instruments during the 1st quarter worth $32,000. Finally, Fortis Group Advisors LLC boosted its stake in Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 98 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TXN shares. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Rosenblatt Securities increased their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley raised their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 2.0 %

Shares of NASDAQ TXN opened at $197.45 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The firm has a 50-day moving average price of $200.50 and a 200 day moving average price of $187.57. The stock has a market capitalization of $180.28 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the firm posted $1.87 EPS. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is currently 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.