Oppenheimer & Co. Inc. Has $10.75 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer & Co. Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,075 shares of the semiconductor company’s stock after purchasing an additional 974 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Texas Instruments were worth $10,752,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Field & Main Bank raised its position in Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the last quarter. Howard Financial Services LTD. grew its position in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 66 shares in the last quarter. Sandy Spring Bank lifted its position in Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after buying an additional 66 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after buying an additional 67 shares during the last quarter. Finally, Hartford Financial Management Inc. grew its holdings in shares of Texas Instruments by 0.4% in the 4th quarter. Hartford Financial Management Inc. now owns 18,044 shares of the semiconductor company’s stock valued at $3,076,000 after acquiring an additional 68 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,969 shares of company stock worth $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI increased their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $175.00 in a research note on Monday, May 13th. The Goldman Sachs Group boosted their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company assumed coverage on Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $182.48.

Texas Instruments Price Performance

Texas Instruments stock traded up $2.78 during trading hours on Wednesday, reaching $196.08. 5,987,630 shares of the stock were exchanged, compared to its average volume of 5,705,983. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The company has a market cap of $178.53 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 4.20 and a beta of 1.00. The stock has a 50 day moving average of $180.79 and a two-hundred day moving average of $170.34.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments Company Profile

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.