Fairscale Capital LLC Makes New $126,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Fairscale Capital LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 611 shares of the semiconductor company’s stock, valued at approximately $126,000.

Several other large investors also recently modified their holdings of TXN. Nordea Investment Management AB boosted its holdings in Texas Instruments by 16.9% in the first 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 in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Texas Instruments by 5,858.6% in 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 purchasing an additional 636,013 shares in the last quarter. Advisors Capital Management LLC grew 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 valued at $55,124,000 after purchasing an additional 205,676 shares during the period. Clear Rock Advisors LLC acquired a new position in Texas Instruments during the fourth quarter worth $1,984,000. Finally, KBC Group NV grew its holdings in shares of Texas Instruments by 65.0% during the fourth quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after buying an additional 278,396 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TXN. The Goldman Sachs Group upped their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Evercore ISI increased their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Three 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Stock Down 2.1 %

TXN opened at $203.30 on Friday. The firm has a market capitalization of $185.10 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 4.31 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 has a fifty day moving average price of $200.78 and a 200-day moving average price of $189.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping 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 company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the business earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.68%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the 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 completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the company’s 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 transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments 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 sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

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.