Quest Capital Management Inc. ADV decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 99.0% in the 2nd quarter, Holdings Channel reports. The firm owned 15,641 shares of the semiconductor company’s stock after selling 1,545,415 shares during the period. Quest Capital Management Inc. ADV’s holdings in Texas Instruments were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Farmers National Bank purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $35,000. Icon Wealth Partners LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $37,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Texas Instruments by 919.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 331 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the sale, the senior vice president now directly owns 106,264 shares of the company’s stock, valued at approximately $13,575,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rafael R. Lizardi sold 76,523 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the sale, the chief financial officer now directly owns 94,648 shares in the company, valued at $12,116,836.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock worth $159,473,823 over the last ninety days. 0.89% of the stock is owned by corporate insiders.

TXN has been the subject of a number of research analyst reports. Credit Suisse Group increased their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Loop Capital increased their price target on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, CIBC increased their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.74.

NASDAQ TXN traded up $2.27 during trading hours on Monday, reaching $125.09. The company’s stock had a trading volume of 87,004 shares, compared to its average volume of 6,488,959. The stock has a market cap of $111.89 billion, a PE ratio of 23.08, a PEG ratio of 2.26 and a beta of 1.25. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37. The company’s 50-day moving average is $120.12 and its two-hundred day moving average is $112.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the company earned $1.37 EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.46%. Texas Instruments’s dividend payout ratio is currently 56.83%.

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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