Sunbelt Securities Inc. Purchases New Stake in Texas Instruments (TXN)

Sunbelt Securities Inc. purchased a new position in shares of Texas Instruments (NASDAQ:TXN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,031 shares of the semiconductor company’s stock, valued at approximately $419,000.

A number of other large investors have also added to or reduced their stakes in TXN. Schwab Charles Investment Management Inc. increased its holdings in Texas Instruments by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,131,931 shares of the semiconductor company’s stock valued at $535,979,000 after buying an additional 216,334 shares during the period. Acadian Asset Management LLC increased its holdings in Texas Instruments by 308.9% in the 4th quarter. Acadian Asset Management LLC now owns 12,251 shares of the semiconductor company’s stock valued at $1,279,000 after buying an additional 9,255 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Texas Instruments by 9.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,225 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 886 shares during the period. Segment Wealth Management LLC increased its holdings in Texas Instruments by 5.7% in the 4th quarter. Segment Wealth Management LLC now owns 43,197 shares of the semiconductor company’s stock valued at $4,511,000 after buying an additional 2,320 shares during the period. Finally, Strs Ohio increased its holdings in Texas Instruments by 9.2% in the 4th quarter. Strs Ohio now owns 877,939 shares of the semiconductor company’s stock valued at $91,691,000 after buying an additional 74,238 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. B. Riley raised their target price on shares of Texas Instruments from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, April 25th. Mizuho reissued a “buy” rating and issued a $107.00 target price (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Finally, Nomura raised their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.36.

In other news, VP Niels Anderskouv sold 20,191 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 110,187 shares in the company, valued at approximately $12,134,894.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin J. Ritchie sold 52,698 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the completion of the transaction, the insider now owns 172,545 shares in the company, valued at approximately $19,009,282.65. The disclosure for this sale can be found here. Insiders sold a total of 175,484 shares of company stock worth $19,325,083 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

NASDAQ:TXN opened at $110.86 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.53 and a current ratio of 4.62. Texas Instruments has a one year low of $75.92 and a one year high of $120.75. The company has a market cap of $108.08 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.25.

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

The company also recently declared a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 7th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.24%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.

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.

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

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