GAMMA Investing LLC Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

GAMMA Investing LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 106.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,987 shares of the semiconductor company’s stock after purchasing an additional 6,696 shares during the quarter. GAMMA Investing LLC’s holdings in Texas Instruments were worth $2,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Silver Oak Securities Incorporated acquired a new position in Texas Instruments during the fourth quarter valued at approximately $222,000. First National Advisers LLC lifted its position in shares of Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 2,059 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after buying an additional 636,013 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in shares of Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after buying an additional 205,676 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $5.87 during trading on Friday, reaching $187.46. The company’s stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The stock has a market capitalization of $171.16 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $197.84 and a two-hundred day moving average price of $181.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.77%. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Ratings Changes

Several research firms have weighed in on TXN. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley upped their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, July 24th. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $198.64.

About Texas Instruments

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.