611 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Fairscale Capital LLC

Fairscale Capital LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 611 shares of the semiconductor company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Gabelli Funds LLC raised its stake in shares of Texas Instruments by 1.4% during the 2nd quarter. Gabelli Funds LLC now owns 339,220 shares of the semiconductor company’s stock worth $65,988,000 after purchasing an additional 4,545 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Texas Instruments in the second quarter valued at $375,000. Fidelis Capital Partners LLC grew its position in shares of Texas Instruments by 4.8% in the 2nd quarter. Fidelis Capital Partners LLC now owns 4,119 shares of the semiconductor company’s stock valued at $758,000 after acquiring an additional 187 shares during the period. Heron Bay Capital Management increased its stake in shares of Texas Instruments by 0.5% during the 2nd quarter. Heron Bay Capital Management now owns 38,122 shares of the semiconductor company’s stock worth $7,416,000 after purchasing an additional 206 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Texas Instruments by 22,541.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 20,151 shares of the semiconductor company’s stock valued at $3,920,000 after purchasing an additional 20,062 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective 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. Susquehanna upped their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Stock Performance

Texas Instruments stock opened at $203.30 on Friday. The stock has a market cap of $185.10 billion, a PE ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The business’s 50-day moving average price is $200.78 and its two-hundred day moving average price is $189.98.

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

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.68%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

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.