GYL Financial Synergies LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,225 shares of the semiconductor company’s stock, valued at approximately $1,297,000.
Several other large investors also recently bought and sold shares of TXN. Riverhead Capital Management LLC boosted its position in shares of Texas Instruments by 15.7% during the first quarter. Riverhead Capital Management LLC now owns 118,210 shares of the semiconductor company’s stock worth $12,539,000 after buying an additional 16,039 shares during the period. Andra AP fonden acquired a new position in shares of Texas Instruments during the first quarter worth approximately $4,922,000. GWM Advisors LLC boosted its position in shares of Texas Instruments by 10.2% during the first quarter. GWM Advisors LLC now owns 133,619 shares of the semiconductor company’s stock worth $14,173,000 after buying an additional 12,321 shares during the period. Williams Jones & Associates LLC boosted its position in shares of Texas Instruments by 4.4% during the first quarter. Williams Jones & Associates LLC now owns 53,331 shares of the semiconductor company’s stock worth $5,657,000 after buying an additional 2,266 shares during the period. Finally, TCG Advisors LP acquired a new position in shares of Texas Instruments during the first quarter worth approximately $106,000. 85.38% of the stock is owned by institutional investors.
Shares of NASDAQ:TXN traded down $3.65 on Friday, reaching $107.53. 78,138 shares of the company traded hands, compared to its average volume of 4,529,501. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $119.32. The company has a market capitalization of $100.90 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.86%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
In other Texas Instruments news, Director Carrie Smith Cox sold 17,002 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the sale, the director now directly owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Haviv Ilan sold 76,818 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total transaction of $9,016,896.84. Following the sale, the vice president now directly owns 126,741 shares in the company, valued at $14,876,858.58. The disclosure for this sale can be found here. Insiders have sold a total of 879,332 shares of company stock valued at $103,024,864 in the last quarter. Insiders own 0.89% of the company’s stock.
Several brokerages have recently issued reports on TXN. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. ValuEngine downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Nomura began coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price for the company. Wells Fargo & Co cut their target price on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. Texas Instruments currently has an average rating of “Hold” and an average target price of $111.18.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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