Buckley Wealth Management LLC Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Buckley Wealth Management LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the 1st quarter, HoldingsChannel reports. The fund owned 5,900 shares of the semiconductor company’s stock after acquiring an additional 65 shares during the quarter. Buckley Wealth Management LLC’s holdings in Texas Instruments were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of TXN. Federated Hermes Inc. boosted its stake in shares of Texas Instruments by 20.4% during the 3rd quarter. Federated Hermes Inc. now owns 10,262 shares of the semiconductor company’s stock worth $1,632,000 after acquiring an additional 1,739 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Texas Instruments by 7.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,039 shares of the semiconductor company’s stock valued at $1,437,000 after buying an additional 634 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Texas Instruments by 1.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 50,145 shares of the semiconductor company’s stock valued at $7,974,000 after buying an additional 865 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of Texas Instruments by 19.5% during the 3rd quarter. Mutual Advisors LLC now owns 15,153 shares of the semiconductor company’s stock valued at $2,409,000 after buying an additional 2,470 shares in the last quarter. Finally, Private Advisory Group LLC lifted its stake in shares of Texas Instruments by 6.1% during the 3rd quarter. Private Advisory Group LLC now owns 18,054 shares of the semiconductor company’s stock valued at $2,871,000 after buying an additional 1,039 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’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 completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’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 completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last three months. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TXN shares. Truist Financial lifted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Mizuho boosted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Trading Up 1.0 %

NASDAQ:TXN traded up $1.86 during mid-day trading on Friday, hitting $195.29. 1,981,869 shares of the stock traded hands, compared to its average volume of 5,521,629. The stock has a market capitalization of $177.81 billion, a price-to-earnings ratio of 30.18, a PEG 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’s 50 day moving average is $188.97 and its two-hundred day moving average is $174.79. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.66%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Texas Instruments Company Profile

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.