Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Slow Capital Inc.
Slow Capital Inc. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,633 shares of the semiconductor company’s stock after acquiring an additional 766 shares during the quarter. Slow Capital Inc.’s holdings in Texas Instruments were worth $2,024,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Chip Partners Inc. boosted its position in shares of Texas Instruments by 1.9% in the second quarter. Blue Chip Partners Inc. now owns 83,481 shares of the semiconductor company’s stock worth $9,580,000 after buying an additional 1,557 shares during the period. Waldron Private Wealth LLC increased its stake in Texas Instruments by 4.4% during the second quarter. Waldron Private Wealth LLC now owns 2,864 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 122 shares during the period. Merriman Wealth Management LLC bought a new position in Texas Instruments during the second quarter valued at about $207,000. Cibc Bank USA increased its stake in Texas Instruments by 6.1% during the second quarter. Cibc Bank USA now owns 2,153 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 123 shares during the period. Finally, American Asset Management Inc. acquired a new stake in Texas Instruments during the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 target price on shares of Texas Instruments in a research note on Monday, April 22nd. Deutsche Bank reaffirmed a “neutral” rating and issued a $120.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. SunTrust Banks upped their target price on shares of Texas Instruments to $133.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Nomura assumed coverage on shares of Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $118.74.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. Texas Instruments’s revenue was down 8.7% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were issued a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.50%. Texas Instruments’s dividend payout ratio is currently 56.83%.
In other Texas Instruments news, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the transaction, the chief financial officer now directly owns 94,648 shares of the company’s stock, valued at approximately $12,116,836.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the completion of the transaction, the insider now directly owns 102,652 shares in the company, valued at $12,851,003.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,251,117 shares of company stock worth $159,473,823. Insiders own 0.89% of the company’s stock.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
Recommended Story: What is Liquidity?
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.