Zhang Financial LLC Has $317,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Zhang Financial LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064 shares of the semiconductor company’s stock after acquiring an additional 418 shares during the quarter. Zhang Financial LLC’s holdings in Texas Instruments were worth $317,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TXN. Vanguard Group Inc. grew its holdings in shares of Texas Instruments by 0.8% during the first quarter. Vanguard Group Inc. now owns 85,644,674 shares of the semiconductor company’s stock worth $15,714,085,000 after purchasing an additional 701,996 shares during the last quarter. BlackRock Inc. boosted its holdings in Texas Instruments by 2.0% in the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock valued at $13,810,434,000 after acquiring an additional 1,484,246 shares during the last quarter. State Street Corp boosted its holdings in Texas Instruments by 2.9% in the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after acquiring an additional 1,146,109 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Texas Instruments by 7.6% in the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock valued at $5,763,635,000 after acquiring an additional 2,209,099 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Texas Instruments by 2.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,924,982 shares of the semiconductor company’s stock valued at $3,472,355,000 after acquiring an additional 421,129 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.4 %

Shares of Texas Instruments stock opened at $162.62 on Friday. The business’s 50 day simple moving average is $171.17 and its 200 day simple moving average is $169.54. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $202.26. The firm has a market cap of $148.59 billion, a PE ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.38. Texas Instruments had a return on equity of 64.02% and a net margin of 43.78%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.53 billion. On average, analysts predict that Texas Instruments Incorporated will post 9.35 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has approved a stock buyback program on Thursday, September 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 10.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 3.05%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 28th. Texas Instruments’s dividend payout ratio (DPR) is currently 50.33%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the transaction, the vice president now directly owns 28,475 shares in the company, valued at $5,054,312.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the transaction, the vice president now directly owns 28,475 shares in the company, valued at $5,054,312.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kyle M. Flessner sold 43,068 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The disclosure for this sale can be found here. Insiders sold a total of 57,415 shares of company stock worth $10,241,311 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TXN. Oppenheimer decreased their price target on Texas Instruments from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Morgan Stanley raised their price target on Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. Bank of America cut Texas Instruments from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $190.00 to $175.00 in a report on Wednesday, June 29th. Benchmark began coverage on Texas Instruments in a report on Wednesday, June 29th. They set a “buy” rating and a $205.00 target price on the stock. Finally, UBS Group reduced their target price on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $182.19.

Texas Instruments Company Profile

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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.

See Also

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

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