Benjamin F. Edwards & Company Inc. Acquires 9,067 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Benjamin F. Edwards & Company Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 210,136 shares of the semiconductor company’s stock after purchasing an additional 9,067 shares during the period. Texas Instruments makes up about 0.7% of Benjamin F. Edwards & Company Inc.’s portfolio, making the stock its 27th biggest position. Benjamin F. Edwards & Company Inc.’s holdings in Texas Instruments were worth $40,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Capital Research Global Investors grew its position in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after acquiring an additional 1,181,841 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Texas Instruments by 35.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company’s stock worth $525,643,000 after purchasing an additional 809,805 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Texas Instruments by 23.7% in the 4th quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock worth $630,335,000 after purchasing an additional 709,115 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following 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 document filed with the SEC, which is available at this link. In other news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following 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 document filed with the SEC, which is available at this link. Also, 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 value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $207.60 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company’s 50-day moving average is $200.75 and its 200 day moving average is $189.63. The company has a market capitalization of $189.55 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. 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 announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the business posted $1.87 EPS. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXN shares. Rosenblatt Securities lifted their target price 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, August 21st. Susquehanna lifted their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Jefferies Financial Group lifted their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $204.67.

Texas Instruments 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.