Grimes & Company Inc. Has $3.55 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Grimes & Company Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,403 shares of the semiconductor company’s stock after purchasing an additional 79 shares during the period. Grimes & Company Inc.’s holdings in Texas Instruments were worth $3,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AXQ Capital LP increased its holdings in Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Texas Instruments in the fourth quarter valued at $222,000. First National Advisers LLC increased its holdings in shares of Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings in shares of Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on TXN shares. Robert W. Baird upped their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Wells Fargo & Company started coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Mizuho upped their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $183.43.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $194.53 on Friday. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $190.26 and its two-hundred day simple moving average is $175.28. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00. The stock has a market cap of $177.12 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 4.21 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $1.85 EPS. The business’s revenue was down 16.4% on a year-over-year basis. As a group, analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.