Marks Group Wealth Management Inc Sells 835 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Marks Group Wealth Management Inc trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,156 shares of the semiconductor company’s stock after selling 835 shares during the period. Texas Instruments makes up approximately 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 14th largest holding. Marks Group Wealth Management Inc’s holdings in Texas Instruments were worth $6,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TXN. Capital International Investors boosted its position in shares of Texas Instruments by 505.7% during the 1st quarter. Capital International Investors now owns 3,675,721 shares of the semiconductor company’s stock valued at $694,578,000 after acquiring an additional 3,068,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Texas Instruments by 16.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,806,440 shares of the semiconductor company’s stock valued at $2,987,259,000 after purchasing an additional 2,218,722 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Texas Instruments by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,469,849 shares of the semiconductor company’s stock valued at $4,246,577,000 after purchasing an additional 986,794 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Texas Instruments by 109.6% in the 1st quarter. Rafferty Asset Management LLC now owns 1,596,773 shares of the semiconductor company’s stock worth $301,774,000 after buying an additional 834,847 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Texas Instruments by 251.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,089,972 shares of the semiconductor company’s stock worth $205,996,000 after buying an additional 779,815 shares during the period. 82.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TXN traded up $1.75 during trading on Wednesday, hitting $196.86. 124,522 shares of the company were exchanged, compared to its average volume of 4,248,239. Texas Instruments Incorporated has a fifty-two week low of $134.12 and a fifty-two week high of $197.58. The stock has a market cap of $181.74 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 2.59 and a beta of 1.01. The company has a current ratio of 5.08, a quick ratio of 4.23 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $189.20 and a two-hundred day moving average price of $186.41.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. Texas Instruments had a net margin of 40.12% and a return on equity of 69.28%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the business earned $1.48 earnings per share. The firm’s revenue was up 41.4% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 7.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 9th. Stockholders of record on Monday, July 26th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, July 23rd. This represents a $4.08 annualized dividend and a dividend yield of 2.07%. Texas Instruments’s dividend payout ratio is presently 68.34%.

In related news, Director Jean M. Hobby sold 900 shares of the business’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.04, for a total value of $172,836.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,399 shares of Texas Instruments stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total value of $1,421,865.83. Following the sale, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at approximately $3,165,424.24. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on TXN. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 price objective for the company. in a report on Tuesday, June 29th. Raymond James lifted their price target on shares of Texas Instruments from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 22nd. Citigroup upped their price objective on shares of Texas Instruments from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th. Summit Redstone cut shares of Texas Instruments to a “hold” rating in a research note on Thursday, July 22nd. Finally, Susquehanna increased their price target on Texas Instruments from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Thursday, July 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $203.88.

Texas Instruments Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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