Axxcess Wealth Management LLC Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Axxcess Wealth Management LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,940 shares of the semiconductor company’s stock after buying an additional 1,446 shares during the period. Axxcess Wealth Management LLC’s holdings in Texas Instruments were worth $1,732,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Covington Investment Advisors Inc. lifted its holdings in Texas Instruments by 7.1% in the first quarter. Covington Investment Advisors Inc. now owns 63,368 shares of the semiconductor company’s stock valued at $11,039,000 after acquiring an additional 4,225 shares during the period. Vident Advisory LLC lifted its holdings in Texas Instruments by 5.0% in the first quarter. Vident Advisory LLC now owns 24,078 shares of the semiconductor company’s stock valued at $4,195,000 after acquiring an additional 1,152 shares during the period. Fayez Sarofim & Co lifted its holdings in Texas Instruments by 2.5% in the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after acquiring an additional 104,806 shares during the period. English Capital Management LLC bought a new position in Texas Instruments in the first quarter valued at about $3,833,000. Finally, Mattern Capital Management LLC lifted its holdings in Texas Instruments by 2.8% in the first quarter. Mattern Capital Management LLC now owns 51,278 shares of the semiconductor company’s stock valued at $8,933,000 after acquiring an additional 1,375 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. 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 report on Thursday, July 18th. Finally, Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Up 2.5 %

Shares of TXN traded up $4.84 during trading hours on Friday, hitting $201.99. The company had a trading volume of 5,384,831 shares, compared to its average volume of 4,994,019. The company has a market capitalization of $184.43 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84. The company’s fifty day moving average price is $198.04 and its two-hundred day moving average price is $179.78.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.57%. Texas Instruments’s payout ratio is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chairman now directly owns 403,851 shares of the company’s stock, 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. 0.68% of the stock is currently owned by insiders.

Texas Instruments 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.