Orser Capital Management LLC Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Orser Capital Management LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,595 shares of the semiconductor company’s stock after buying an additional 125 shares during the quarter. Orser Capital Management LLC’s holdings in Texas Instruments were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. AXQ Capital LP increased its position in shares of Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $222,000. First National Advisers LLC increased its position in shares of Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,969 shares of company stock worth $58,427,984. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $175.00 in a research report on Monday, May 13th. Robert W. Baird boosted their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Wells Fargo & Company assumed coverage on Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. Finally, TD Cowen boosted their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $183.43.

Read Our Latest Stock Analysis on TXN

Texas Instruments Price Performance

Shares of TXN traded up $2.77 during mid-day trading on Friday, hitting $195.53. 12,516,976 shares of the stock were exchanged, compared to its average volume of 4,489,974. The company has a market cap of $178.03 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 4.18 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The firm has a 50-day moving average of $187.33 and a two-hundred day moving average of $174.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. On average, equities analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.66%. Texas Instruments’s payout ratio is presently 81.12%.

Texas Instruments Company Profile

(Free Report)

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.

See Also

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

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