Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Fiduciary Group LLC

Fiduciary Group LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,290 shares of the semiconductor company’s stock after acquiring an additional 111 shares during the quarter. Fiduciary Group LLC’s holdings in Texas Instruments were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Adell Harriman & Carpenter Inc. lifted its stake in shares of Texas Instruments by 34.0% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 14,806 shares of the semiconductor company’s stock worth $1,899,000 after purchasing an additional 3,756 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Texas Instruments by 1.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 160,260 shares of the semiconductor company’s stock worth $20,560,000 after purchasing an additional 2,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Texas Instruments by 1.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 123,755 shares of the semiconductor company’s stock worth $15,877,000 after purchasing an additional 2,323 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its stake in shares of Texas Instruments by 75.4% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 17,439 shares of the semiconductor company’s stock worth $1,743,000 after purchasing an additional 7,498 shares in the last quarter. Finally, Charles Schwab Trust Co acquired a new position in shares of Texas Instruments during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 86.02% of the company’s stock.

In other news, VP Ahmad Bahai sold 8,575 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $115.60, for a total transaction of $991,270.00. Following the completion of the transaction, the vice president now directly owns 28,258 shares of the company’s stock, valued at $3,266,624.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on the company. Nomura Securities restated a “hold” rating and set a $120.00 price objective on shares of Texas Instruments in a research note on Tuesday, March 10th. Loop Capital cut Texas Instruments from a “buy” rating to a “hold” rating and cut their price target for the stock from $145.00 to $108.00 in a research note on Wednesday, April 22nd. Oppenheimer reiterated a “buy” rating and issued a $120.00 price target (down previously from $140.00) on shares of Texas Instruments in a research note on Wednesday, April 22nd. Stifel Nicolaus boosted their price target on Texas Instruments from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird boosted their price target on Texas Instruments from $105.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $123.13.

Shares of NASDAQ:TXN traded down $0.45 during trading on Friday, hitting $113.01. 1,827,139 shares of the company traded hands, compared to its average volume of 4,925,363. The stock has a market capitalization of $107.82 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.12 and a beta of 1.16. The business’s fifty day moving average is $110.15 and its 200-day moving average is $118.57. Texas Instruments Incorporated has a one year low of $93.09 and a one year high of $135.70. The company has a quick ratio of 2.65, a current ratio of 3.49 and a debt-to-equity ratio of 0.71.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.23. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.14 billion. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 4.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Friday, May 1st. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.

About Texas Instruments

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.

Read More: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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