Marcum Wealth LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Marcum Wealth LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 11.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,390 shares of the semiconductor company’s stock after buying an additional 434 shares during the quarter. Marcum Wealth LLC’s holdings in Texas Instruments were worth $675,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TXN. Flagship Harbor Advisors LLC grew its stake in shares of Texas Instruments by 10.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 6,584 shares of the semiconductor company’s stock worth $1,208,000 after buying an additional 637 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Texas Instruments by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,964 shares of the semiconductor company’s stock worth $1,455,000 after acquiring an additional 400 shares during the last quarter. Financial Counselors Inc. raised its position in Texas Instruments by 10.8% during the first quarter. Financial Counselors Inc. now owns 6,745 shares of the semiconductor company’s stock valued at $1,238,000 after purchasing an additional 657 shares during the period. Capital International Investors raised its position in Texas Instruments by 2.1% during the first quarter. Capital International Investors now owns 5,694,484 shares of the semiconductor company’s stock valued at $1,044,975,000 after purchasing an additional 117,177 shares during the period. Finally, First Heartland Consultants Inc. lifted its stake in shares of Texas Instruments by 6.4% in the 1st quarter. First Heartland Consultants Inc. now owns 1,736 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Mizuho decreased their price target on Texas Instruments from $175.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Sanford C. Bernstein raised their target price on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Benchmark initiated coverage on shares of Texas Instruments in a research report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Texas Instruments from $175.00 to $160.00 in a research report on Wednesday, July 20th. Finally, StockNews.com cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Stock Performance

TXN stock opened at $162.62 on Friday. The firm has a 50-day simple moving average of $171.17 and a two-hundred day simple moving average of $169.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The firm has a market cap of $148.59 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.87 and a beta of 1.03.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.38. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.53 billion. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. On average, equities analysts forecast that Texas Instruments Incorporated will post 9.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a $1.24 dividend. The ex-dividend date of this dividend is Friday, October 28th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. This represents a $4.96 dividend on an annualized basis and a yield of 3.05%. Texas Instruments’s dividend payout ratio (DPR) is 50.33%.

Texas Instruments declared that its board has authorized a share buyback plan on Thursday, September 15th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 10.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, VP Kyle M. Flessner sold 43,068 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at approximately $11,955,124.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares in the company, valued at $11,955,124.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the transaction, the director now directly owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,415 shares of company stock valued at $10,241,311. 0.54% of the stock is currently owned by corporate insiders.

Texas Instruments Company Profile

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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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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

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