PFG Investments LLC Buys 576 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

PFG Investments LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,022 shares of the semiconductor company’s stock after purchasing an additional 576 shares during the quarter. PFG Investments LLC’s holdings in Texas Instruments were worth $977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First National Advisers LLC increased its stake in shares of Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after acquiring an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after acquiring an additional 636,013 shares during the last quarter. Advisors Capital Management LLC raised its position in Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the period. Finally, Clear Rock Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $1,984,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $199.80 on Wednesday. The firm has a market capitalization of $182.43 billion, a P/E ratio of 31.17, a PEG ratio of 4.29 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company’s fifty day moving average is $200.66 and its two-hundred day moving average is $188.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

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

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. 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 price objective for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $204.67.

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.