HRT Financial LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 360.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,595 shares of the semiconductor company’s stock after purchasing an additional 7,511 shares during the quarter. HRT Financial LLC’s holdings in Texas Instruments were worth $1,057,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in TXN. Great Lakes Advisors LLC grew its position in shares of Texas Instruments by 39.8% during the 1st quarter. Great Lakes Advisors LLC now owns 9,272 shares of the semiconductor company’s stock worth $963,000 after buying an additional 2,639 shares during the period. Fiduciary Trust Co. grew its position in shares of Texas Instruments by 32.4% during the 1st quarter. Fiduciary Trust Co. now owns 58,590 shares of the semiconductor company’s stock worth $6,087,000 after buying an additional 14,331 shares during the period. Strategic Wealth Advisors Group LLC grew its position in shares of Texas Instruments by 2.9% during the 1st quarter. Strategic Wealth Advisors Group LLC now owns 39,898 shares of the semiconductor company’s stock worth $4,145,000 after buying an additional 1,107 shares during the period. Westbourne Investment Advisors Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $379,000. Finally, Aperio Group LLC grew its position in shares of Texas Instruments by 5.8% during the 1st quarter. Aperio Group LLC now owns 862,945 shares of the semiconductor company’s stock worth $89,651,000 after buying an additional 47,291 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on TXN shares. BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Loop Capital assumed coverage on shares of Texas Instruments in a research report on Thursday, June 21st. They issued a “buy” rating and a $135.00 price target for the company. Zacks Investment Research downgraded shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 30th. Atlantic Securities assumed coverage on shares of Texas Instruments in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price target for the company. Finally, Longbow Research raised shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and a consensus target price of $121.64.
In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares in the company, valued at approximately $14,630,117.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by company insiders.
NASDAQ:TXN traded down $2.59 during trading hours on Friday, hitting $103.28. 8,771,899 shares of the company traded hands, compared to its average volume of 5,372,115. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a one year low of $90.74 and a one year high of $120.75. The stock has a market cap of $104.31 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $1.03 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 annualized dividend and a yield of 2.98%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
Texas Instruments announced that its board has approved a share buyback program on Thursday, September 20th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 11.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
Featured Article: Hedge Funds Explained
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.