Kathmere Capital Management LLC Takes $259,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Kathmere Capital Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,330 shares of the semiconductor company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rathbones Group PLC lifted its position in Texas Instruments by 32.1% during the 4th quarter. Rathbones Group PLC now owns 4,710 shares of the semiconductor company’s stock worth $803,000 after acquiring an additional 1,144 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Texas Instruments by 41.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 2,285 shares of the semiconductor company’s stock worth $390,000 after buying an additional 674 shares during the period. Jones Financial Companies Lllp increased its stake in Texas Instruments by 20.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,918 shares of the semiconductor company’s stock worth $1,009,000 after buying an additional 1,025 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Texas Instruments by 35.6% in 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 buying an additional 809,805 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in Texas Instruments by 2.9% in the 4th quarter. CWA Asset Management Group LLC now owns 42,377 shares of the semiconductor company’s stock valued at $7,224,000 after buying an additional 1,210 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’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 transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of TXN opened at $209.14 on Monday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock has a fifty day moving average price of $201.07 and a 200 day moving average price of $191.25. The company has a market cap of $190.96 billion, a P/E ratio of 32.63, a PEG ratio of 4.46 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results 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 business 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 company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.60%. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXN. Rosenblatt Securities boosted their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Barclays upped their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird raised their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Jefferies Financial Group raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.