Zhang Financial LLC Acquires 418 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Zhang Financial LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 25.4% during the 2nd quarter, Holdings Channel reports. The firm owned 2,064 shares of the semiconductor company’s stock after purchasing an additional 418 shares during the quarter. Zhang Financial LLC’s holdings in Texas Instruments were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vigilare Wealth Management increased its stake in shares of Texas Instruments by 1.7% in the 1st quarter. Vigilare Wealth Management now owns 3,538 shares of the semiconductor company’s stock worth $649,000 after purchasing an additional 59 shares in the last quarter. Atticus Wealth Management LLC increased its stake in shares of Texas Instruments by 9.8% in the 1st quarter. Atticus Wealth Management LLC now owns 662 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 59 shares in the last quarter. Mitchell Sinkler & Starr PA increased its stake in shares of Texas Instruments by 1.4% in the 1st quarter. Mitchell Sinkler & Starr PA now owns 4,335 shares of the semiconductor company’s stock worth $795,000 after purchasing an additional 59 shares in the last quarter. Uncommon Cents Investing LLC increased its stake in shares of Texas Instruments by 1.8% in the 1st quarter. Uncommon Cents Investing LLC now owns 3,310 shares of the semiconductor company’s stock worth $607,000 after purchasing an additional 60 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Texas Instruments by 8.5% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 763 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TXN. Morgan Stanley upped their price objective on Texas Instruments from $155.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 27th. DZ Bank downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a report on Tuesday, July 5th. Benchmark assumed coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 target price for the company. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $190.00 to $175.00 in a report on Wednesday, June 29th. Finally, Mizuho dropped their target price on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $182.19.

Insider Buying and Selling

In related news, VP Kyle M. Flessner sold 43,068 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 66,822 shares of the company’s stock, valued at approximately $11,955,124.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $177.50, for a total transaction of $363,520.00. Following the transaction, the vice president now directly owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the transaction, the vice president now directly owns 66,822 shares in the company, valued at $11,955,124.02. The disclosure for this sale can be found here. Insiders have sold 57,415 shares of company stock valued at $10,241,311 in the last ninety days. 0.54% of the stock is owned by company insiders.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ TXN opened at $162.62 on Friday. The firm’s 50-day moving average price is $171.17 and its 200-day moving average price is $169.54. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $148.59 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $202.26.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a $1.24 dividend. This is a positive change 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%. The ex-dividend date of this dividend is Friday, October 28th. Texas Instruments’s dividend payout ratio is 50.33%.

Texas Instruments declared that its Board of Directors has approved a share buyback program on Thursday, September 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Texas Instruments Profile

(Get Rating)

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.

See Also

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

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