18,083 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 18,083 shares of the semiconductor company’s stock, valued at approximately $3,477,000.

A number of other institutional investors have also recently bought and sold shares of TXN. Simon Quick Advisors LLC purchased a new stake in Texas Instruments in the 1st quarter worth about $37,000. Key Financial Inc raised its position in Texas Instruments by 240.0% in the 2nd quarter. Key Financial Inc now owns 238 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 168 shares during the period. MV Capital Management Inc. raised its position in Texas Instruments by 104.4% in the 2nd quarter. MV Capital Management Inc. now owns 233 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 119 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth about $51,000. Finally, Stonebridge Capital Advisors LLC purchased a new position in shares of Texas Instruments during the first quarter worth approximately $55,000. 82.51% of the stock is currently owned by institutional investors.

Shares of TXN opened at $195.11 on Wednesday. The company has a market cap of $180.13 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Texas Instruments Incorporated has a twelve month low of $134.12 and a twelve month high of $197.58. The company has a quick ratio of 4.23, a current ratio of 5.08 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $189.20 and a two-hundred day moving average of $186.41.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.23. Texas Instruments had a net margin of 40.12% and a return on equity of 69.28%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was up 41.4% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments Incorporated will post 7.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 9th. Stockholders of record on Monday, July 26th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, July 23rd. This represents a $4.08 annualized dividend and a dividend yield of 2.09%. Texas Instruments’s payout ratio is currently 68.34%.

In related news, Director Jean M. Hobby sold 900 shares of the firm’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total transaction of $172,836.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,399 shares of the firm’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the transaction, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at approximately $3,165,424.24. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

A number of equities analysts have recently commented on TXN shares. KeyCorp raised their target price on shares of Texas Instruments from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 6th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, July 22nd. Susquehanna Bancshares raised their target price on shares of Texas Instruments from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Thursday, July 1st. Bank of America raised their target price on shares of Texas Instruments from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 22nd. Finally, Summit Redstone lowered shares of Texas Instruments to a “hold” rating in a research report on Thursday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $203.88.

Texas Instruments Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

Further Reading: Initial Coin Offerings entail a high degree of risk

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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