Taylor Hoffman Wealth Management raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 83.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,848 shares of the semiconductor company’s stock after buying an additional 1,754 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Texas Instruments were worth $497,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN grew its holdings in shares of Texas Instruments by 890.9% during the third quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 196 shares in the last quarter. Lenox Wealth Management Inc. lifted its position in shares of Texas Instruments by 766.7% in the third quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock worth $33,000 after buying an additional 230 shares during the last quarter. Financial Advantage Inc. acquired a new stake in shares of Texas Instruments in the third quarter worth about $34,000. Shine Investment Advisory Services Inc. lifted its position in shares of Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after buying an additional 279 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in shares of Texas Instruments in the third quarter worth about $48,000. 85.49% of the stock is owned by institutional investors and hedge funds.
NASDAQ:TXN traded up $0.19 during trading hours on Friday, hitting $120.11. 3,804,800 shares of the stock were exchanged, compared to its average volume of 5,050,332. The company’s 50 day moving average is $125.47 and its two-hundred day moving average is $119.20. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $132.20. The company has a market capitalization of $112.04 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the business earned $1.56 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 4.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 3.00%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s payout ratio is currently 66.42%.
A number of brokerages have weighed in on TXN. Loop Capital boosted their price target on Texas Instruments to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Credit Suisse Group boosted their price target on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price target for the company. in a research report on Monday, August 26th. Bank of America reduced their price target on Texas Instruments from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, BidaskClub cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $120.97.
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.
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