1,054 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Purchased by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,054 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after acquiring an additional 64,067 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Texas Instruments by 6.2% in the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after purchasing an additional 348,528 shares in the last quarter. Finally, FIL Ltd increased 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 last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXN. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Susquehanna upped their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus boosted their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $204.67.

Texas Instruments Trading Down 0.9 %

TXN opened at $201.67 on Friday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The company has a market capitalization of $183.62 billion, a P/E ratio of 31.46, a PEG ratio of 4.55 and a beta of 0.99. The stock’s fifty day moving average is $201.35 and its two-hundred day moving average is $191.86. 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 (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share 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 firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the company posted $1.87 earnings per share. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on 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 owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

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.