Benjamin Edwards Inc. Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Benjamin Edwards Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,495 shares of the semiconductor company’s stock after buying an additional 113 shares during the period. Benjamin Edwards Inc.’s holdings in Texas Instruments were worth $1,652,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TXN. Nordea Investment Management AB grew its holdings in Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after buying an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after buying an additional 636,013 shares during the last quarter. Advisors Capital Management LLC grew its holdings in Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after buying an additional 205,676 shares during the last quarter. Clear Rock Advisors LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $1,984,000. Finally, KBC Group NV grew its holdings in Texas Instruments by 65.0% during the 4th quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after buying an additional 278,396 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 3.4 %

NASDAQ:TXN opened at $207.60 on Friday. The business’s 50-day moving average is $200.75 and its two-hundred day moving average is $189.63. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The firm has a market capitalization of $189.55 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company posted $1.87 earnings per share. The firm’s revenue was down 15.6% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Evercore ISI raised their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Morgan Stanley raised their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities raised their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $204.67.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.