Burney Co. Increases Holdings in Texas Instruments (TXN)

Burney Co. grew its position in Texas Instruments (NASDAQ:TXN) by 23.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,810 shares of the semiconductor company’s stock after acquiring an additional 5,381 shares during the quarter. Burney Co.’s holdings in Texas Instruments were worth $2,993,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Carroll Financial Associates Inc. raised its holdings in shares of Texas Instruments by 22.1% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,515 shares of the semiconductor company’s stock worth $262,000 after buying an additional 455 shares in the last quarter. Charter Trust Co. raised its holdings in shares of Texas Instruments by 1.2% in the 4th quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock worth $4,122,000 after buying an additional 479 shares in the last quarter. Corient Capital Partners LLC raised its holdings in shares of Texas Instruments by 7.3% in the 4th quarter. Corient Capital Partners LLC now owns 7,403 shares of the semiconductor company’s stock worth $773,000 after buying an additional 504 shares in the last quarter. Massey Quick Simon & CO. LLC raised its holdings in shares of Texas Instruments by 89.7% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after buying an additional 504 shares in the last quarter. Finally, FTB Advisors Inc. raised its holdings in shares of Texas Instruments by 5.1% in the 4th quarter. FTB Advisors Inc. now owns 10,644 shares of the semiconductor company’s stock worth $1,115,000 after buying an additional 515 shares in the last quarter. Institutional investors own 85.30% of the company’s stock.

In other news, insider Kevin J. Ritchie sold 52,698 shares of Texas Instruments stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the completion of the sale, the insider now directly owns 172,545 shares of the company’s stock, valued at approximately $19,009,282.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Niels Anderskouv sold 20,191 shares of Texas Instruments stock in a transaction on Friday, May 11th. The shares were sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the sale, the vice president now directly owns 110,187 shares of the company’s stock, valued at $12,134,894.31. The disclosure for this sale can be found here. Insiders sold a total of 175,484 shares of company stock valued at $19,325,083 over the last three months. Insiders own 0.84% of the company’s stock.

Texas Instruments opened at $110.33 on Friday, according to Marketbeat. The firm has a market capitalization of $106.91 billion, a PE ratio of 25.78, a PEG ratio of 2.14 and a beta of 1.25. Texas Instruments has a 52 week low of $109.62 and a 52 week high of $110.95. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. equities research analysts expect that Texas Instruments will post 5.31 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, May 7th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.

A number of brokerages have recently issued reports on TXN. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. B. Riley increased their target price on Texas Instruments from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, April 25th. Royal Bank of Canada reissued a “buy” rating and issued a $125.00 target price on shares of Texas Instruments in a report on Wednesday, April 25th. Finally, DZ Bank raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $113.36.

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.

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

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