Gabelli Funds LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gabelli Funds LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 339,220 shares of the semiconductor company’s stock after purchasing an additional 4,545 shares during the quarter. Gabelli Funds LLC’s holdings in Texas Instruments were worth $65,988,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in Texas Instruments in the 2nd quarter valued at $375,000. Fidelis Capital Partners LLC boosted its holdings in shares of Texas Instruments by 4.8% in the second 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 in the last quarter. Heron Bay Capital Management raised its holdings in Texas Instruments by 0.5% during the second 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 in the last quarter. Frank Rimerman Advisors LLC lifted its position in Texas Instruments by 22,541.6% in the second 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. Finally, Profund Advisors LLC boosted its holdings in Texas Instruments by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 148,214 shares of the semiconductor company’s stock valued at $28,832,000 after purchasing an additional 8,839 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Barclays upped 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 note on Wednesday, July 24th. Rosenblatt Securities raised their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Susquehanna upped their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Price Performance

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

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

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the 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 transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. Company 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.