Cowa LLC Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Cowa LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,125 shares of the semiconductor company’s stock, valued at approximately $219,000.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after buying an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado increased its position in 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 valued at $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC raised its holdings 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 in the last quarter. Clear Rock Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $1,984,000. Finally, KBC Group NV boosted its stake in shares of Texas Instruments by 65.0% during the 4th quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after purchasing an additional 278,396 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’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 $5,037,237.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company’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 sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Barclays increased their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. KeyCorp raised their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Stock Up 3.4 %

Texas Instruments stock opened at $207.60 on Friday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The stock has a fifty day simple moving average of $200.75 and a two-hundred day simple moving average of $189.63. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market cap of $189.55 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 4.31 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.50%. Texas Instruments’s dividend payout ratio (DPR) is 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.