Texas Instruments Incorporated $TXN Shares Acquired by LGT Financial Advisors LLC

LGT Financial Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 328.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193 shares of the semiconductor company’s stock after acquiring an additional 148 shares during the quarter. LGT Financial Advisors LLC’s holdings in Texas Instruments were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments during the 1st quarter valued at approximately $28,000. Dagco Inc. purchased a new position in Texas Instruments in the first quarter worth approximately $32,000. CBIZ Investment Advisory Services LLC increased its stake in Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 75 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the first quarter valued at $42,000. Finally, Peoples Financial Services CORP. acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $42,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.7%

NASDAQ TXN opened at $179.59 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm has a market cap of $163.27 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01. The firm has a 50 day simple moving average of $187.17 and a 200-day simple moving average of $185.96. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.2%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.

Insider Buying and Selling

In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, the vice president owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXN. Morgan Stanley cut their price objective on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating for the company in a research report on Friday, September 12th. Benchmark reaffirmed a “buy” rating and set a $220.00 target price on shares of Texas Instruments in a research note on Monday, September 8th. Arete Research raised shares of Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $192.00 to $185.00 and set a “hold” rating on the stock in a report on Friday. Finally, BNP Paribas raised shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $209.47.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.