Gateway Advisory LLC Has $586,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gateway Advisory LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 66.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,010 shares of the semiconductor company’s stock after purchasing an additional 1,200 shares during the quarter. Gateway Advisory LLC’s holdings in Texas Instruments were worth $586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Davidson Kempner Capital Management LP acquired a new stake in Texas Instruments in the second quarter valued at about $14,580,000. Evergreen Capital Management LLC grew its holdings in shares of Texas Instruments by 33.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,204 shares of the semiconductor company’s stock valued at $1,790,000 after purchasing an additional 2,299 shares during the last quarter. Public Sector Pension Investment Board increased its position in Texas Instruments by 74.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company’s stock worth $6,810,000 after purchasing an additional 14,888 shares in the last quarter. DRW Securities LLC lifted its stake in Texas Instruments by 303.1% in the 2nd quarter. DRW Securities LLC now owns 6,950 shares of the semiconductor company’s stock valued at $1,352,000 after purchasing an additional 5,226 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new stake in Texas Instruments in the second quarter valued at approximately $126,000. Institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were 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 directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, 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 hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.3 %

TXN opened at $203.85 on Tuesday. The company has a fifty day moving average price of $200.82 and a two-hundred day moving average price of $190.31. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a market cap of $185.60 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its earnings results 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 business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. Analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.67%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, August 21st. Evercore ISI upped their price objective on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Rosenblatt Securities boosted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently 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.