Atlas Private Wealth Advisors Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)


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Atlas Private Wealth Advisors grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 512.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147 shares of the semiconductor company’s stock after acquiring an additional 123 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Texas Instruments were worth $28,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Texas Instruments by 3.1% during the 4th quarter. BlackRock Inc. now owns 70,859,730 shares of the semiconductor company’s stock valued at $11,630,207,000 after purchasing an additional 2,129,999 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Texas Instruments by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,483,055 shares of the semiconductor company’s stock worth $3,526,013,000 after buying an additional 1,833,704 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Texas Instruments by 7.0% in the 4th quarter. Janus Henderson Group PLC now owns 13,878,442 shares of the semiconductor company’s stock valued at $2,277,864,000 after acquiring an additional 904,230 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,096,822 shares of the semiconductor company’s stock valued at $1,821,322,000 after acquiring an additional 313,038 shares during the period. Finally, Norges Bank bought a new position in Texas Instruments during the 4th quarter worth approximately $1,590,707,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

In other Texas Instruments news, VP Darla H. Whitaker sold 30,658 shares of the business’s stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $177.41, for a total transaction of $5,439,035.78. Following the transaction, the vice president now owns 73,304 shares in the company, valued at $13,004,862.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rafael R. Lizardi sold 45,090 shares of the company’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $174.28, for a total transaction of $7,858,285.20. Following the transaction, the chief financial officer now owns 93,230 shares in the company, valued at $16,248,124.40. The disclosure for this sale can be found here. Insiders have sold a total of 241,518 shares of company stock valued at $41,675,362 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

TXN stock opened at $178.80 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.24 and a quick ratio of 3.29. Texas Instruments Incorporated has a 1-year low of $105.45 and a 1-year high of $197.58. The business has a 50 day simple moving average of $186.62 and a two-hundred day simple moving average of $169.79. The company has a market capitalization of $165.12 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.10 and a beta of 1.06.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.31. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $3.98 billion. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. Texas Instruments’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Monday, May 3rd will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, April 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.28%. Texas Instruments’s dividend payout ratio (DPR) is 77.86%.

TXN has been the subject of a number of recent analyst reports. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, January 27th. Royal Bank of Canada upped their price target on Texas Instruments from $155.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 27th. Barclays upped their price objective on shares of Texas Instruments from $155.00 to $170.00 and gave the stock an “underweight” rating in a report on Wednesday, April 28th. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $206.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Cascend Securities lifted their price target on Texas Instruments from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $189.23.

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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

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