Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Garner Asset Management Corp

Garner Asset Management Corp boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,141 shares of the semiconductor company’s stock after acquiring an additional 1,326 shares during the quarter. Garner Asset Management Corp’s holdings in Texas Instruments were worth $1,973,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors increased its stake in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Van ECK Associates Corp raised its holdings in Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after purchasing an additional 348,528 shares in the last quarter. FIL Ltd lifted its position in Texas Instruments by 6.6% in the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company’s stock worth $828,764,000 after purchasing an additional 301,735 shares during the period. Finally, Fayez Sarofim & Co boosted its stake in Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after purchasing an additional 104,806 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.3 %

Shares of NASDAQ:TXN opened at $200.71 on Thursday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $183.26 billion, a PE ratio of 31.31, a P/E/G ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The firm has a fifty day moving average price of $200.60 and a 200 day moving average price of $189.50.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company posted $1.87 EPS. The firm’s revenue was down 15.6% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TXN has been the subject of several research reports. Susquehanna raised their target price on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Evercore ISI lifted their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays lifted their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Company 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.