Hantz Financial Services Inc. Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Hantz Financial Services Inc. acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,079 shares of the semiconductor company’s stock, valued at approximately $9,547,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth $1,649,592,000. Van ECK Associates Corp increased its position in shares of Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after acquiring an additional 1,972,304 shares during the period. 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 purchasing an additional 1,279,828 shares during the period. Baillie Gifford & Co. grew its position in Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after purchasing an additional 1,181,841 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after acquiring an additional 1,154,513 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments 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 completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $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 90 days. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $214.34 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. The firm has a market cap of $195.70 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99. 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 price is $199.51 and its 200 day moving average price is $185.85.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, sell-side analysts expect 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. 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 2.43%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target for the company. Susquehanna lifted their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. KeyCorp lifted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $204.67.

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.