BDF Gestion Buys New Position in Texas Instruments Incorporated (NASDAQ:TXN)

BDF Gestion purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,081 shares of the semiconductor company’s stock, valued at approximately $5,268,000.

Other large investors also recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Texas Instruments by 9.0% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 47,765 shares of the semiconductor company’s stock valued at $9,292,000 after purchasing an additional 3,961 shares in the last quarter. Ellenbecker Investment Group acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $227,000. Prentice Wealth Management LLC lifted its holdings in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the period. Clarius Group LLC lifted its holdings in shares of Texas Instruments by 12.2% during the 2nd quarter. Clarius Group LLC now owns 8,334 shares of the semiconductor company’s stock worth $1,621,000 after acquiring an additional 909 shares during the period. Finally, CX Institutional boosted its position in shares of Texas Instruments by 5.8% during the 2nd quarter. CX Institutional now owns 3,308 shares of the semiconductor company’s stock valued at $644,000 after acquiring an additional 180 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.6 %

TXN traded down $1.09 during mid-day trading on Friday, hitting $192.21. The stock had a trading volume of 3,066,475 shares, compared to its average volume of 5,555,690. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock’s fifty day simple moving average is $196.97 and its 200-day simple moving average is $181.41. The firm has a market capitalization of $175.50 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 4.07 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.71%. Texas Instruments’s dividend payout ratio is 81.12%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXN. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Stifel Nicolaus upped their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average 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.