OmniStar Financial Group Inc. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,145 shares of the semiconductor company’s stock after buying an additional 2,946 shares during the quarter. Texas Instruments comprises approximately 2.2% of OmniStar Financial Group Inc.’s holdings, making the stock its 10th biggest position. OmniStar Financial Group Inc.’s holdings in Texas Instruments were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. grew its stake in shares of Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 279 shares in the last quarter. Pathstone Family Office LLC boosted its position in Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 194 shares during the period. TD Capital Management LLC bought a new position in Texas Instruments during the second quarter worth $45,000. HMS Capital Management LLC bought a new position in Texas Instruments during the second quarter worth $46,000. Finally, Thor Advisors LLC bought a new position in Texas Instruments during the first quarter worth $48,000. 85.37% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments stock traded up $2.22 during trading on Friday, reaching $129.95. The company’s stock had a trading volume of 423,408 shares, compared to its average volume of 4,202,778. The firm has a market cap of $119.25 billion, a PE ratio of 23.98, a P/E/G ratio of 2.36 and a beta of 1.26. The business’s 50-day moving average price is $126.45 and its 200-day moving average price is $117.52. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $131.80. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. Texas Instruments’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s payout ratio is 56.83%.
A number of equities analysts have commented on the stock. CIBC lifted their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price objective for the company. in a research report on Monday, August 26th. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $119.74.
In related news, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the transaction, the insider now owns 102,652 shares of the company’s stock, valued at $12,851,003.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total value of $793,040.70. Following the completion of the transaction, the senior vice president now directly owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by insiders.
About Texas Instruments
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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