Beaton Management Co. Inc. Invests $250,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Beaton Management Co. Inc. acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,300 shares of the semiconductor company’s stock, valued at approximately $250,000.

Several other large investors also recently bought and sold shares of TXN. OLD Mission Capital LLC purchased a new position in shares of Texas Instruments during the third quarter worth $207,000. Financial Advocates Investment Management raised its holdings in shares of Texas Instruments by 11.1% during the first quarter. Financial Advocates Investment Management now owns 6,170 shares of the semiconductor company’s stock worth $1,097,000 after purchasing an additional 614 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the first quarter worth $418,000. Condor Capital Management purchased a new position in shares of Texas Instruments during the first quarter worth $227,000. Finally, Bank of The West purchased a new position in shares of Texas Instruments during the first quarter worth $277,000. Institutional investors and hedge funds own 82.51% of the company’s stock.

In related news, Director Jean M. Hobby sold 900 shares of the stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total transaction of $172,836.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,399 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the sale, the chief accounting officer now 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. Corporate insiders own 0.61% of the company’s stock.

A number of research firms have weighed in on TXN. Zacks Investment Research cut shares of 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. Summit Redstone cut shares of Texas Instruments to a “hold” rating in a research note on Thursday, July 22nd. Susquehanna boosted their target price on shares of Texas Instruments from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Thursday, July 1st. Morgan Stanley boosted their target price on shares of Texas Instruments from $176.00 to $185.00 and gave the stock an “underweight” rating in a research note on Monday, July 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $203.88.

Shares of Texas Instruments stock traded down $2.11 on Monday, reaching $198.54. The company had a trading volume of 75,470 shares, compared to its average volume of 4,224,745. The firm’s 50 day moving average price is $190.29 and its two-hundred day moving average price is $187.92. The firm has a market cap of $183.29 billion, a PE ratio of 27.98, a PEG ratio of 2.59 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $134.75 and a 52-week high of $200.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.23 and a current ratio of 5.08.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping 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 firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm earned $1.48 EPS. The firm’s revenue for the quarter was up 41.4% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 7.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Monday, November 1st will be paid a dividend of $1.15 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.02. This represents a $4.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, October 29th. Texas Instruments’s dividend payout ratio is presently 68.34%.

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.

Featured Article: How to Trade Using Analysts Ratings

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

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.