Wealth Enhancement Advisory Services LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,200 shares of the semiconductor company’s stock, valued at approximately $294,000.
Several other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Texas Instruments by 3.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock worth $2,549,597,000 after purchasing an additional 811,931 shares during the last quarter. FMR LLC grew its holdings in Texas Instruments by 19.7% during the second quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after acquiring an additional 2,120,260 shares during the period. Wells Fargo & Company MN grew its holdings in Texas Instruments by 0.6% during the second quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after acquiring an additional 45,800 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Texas Instruments by 2.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after acquiring an additional 123,780 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Texas Instruments by 39.1% during the second quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock worth $357,662,000 after acquiring an additional 921,101 shares during the period. Hedge funds and other institutional investors own 84.41% of the company’s stock.
Shares of TXN opened at $97.14 on Wednesday. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41. Texas Instruments Incorporated has a 12 month low of $87.90 and a 12 month high of $120.75. The company has a market capitalization of $92.42 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st will be paid a $0.77 dividend. The ex-dividend date is Tuesday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.17%. Texas Instruments’s payout ratio is currently 71.96%.
Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 20th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
TXN has been the topic of several analyst reports. Atlantic Securities initiated coverage on Texas Instruments in a report on Tuesday, July 10th. They set an “overweight” rating and a $130.00 target price on the stock. Longbow Research raised Texas Instruments from a “neutral” rating to a “buy” rating in a report on Wednesday, July 11th. Royal Bank of Canada raised their target price on Texas Instruments from $125.00 to $127.00 and gave the stock a “$115.68” rating in a report on Wednesday, July 18th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Thursday, July 19th. Finally, Mizuho reaffirmed a “hold” rating on shares of Texas Instruments in a report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $117.11.
In other news, insider Kyle M. Flessner sold 16,088 shares of Texas Instruments stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now directly owns 43,270 shares of the company’s stock, valued at $4,067,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin S. Craighead purchased 10,900 shares of the stock in a transaction dated Thursday, October 25th. The stock was purchased at an average cost of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the purchase, the director now directly owns 13,100 shares of the company’s stock, valued at $1,201,270. The disclosure for this purchase can be found here. Insiders own 0.84% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/07/3200-shares-in-texas-instruments-incorporated-txn-purchased-by-wealth-enhancement-advisory-services-llc.html.
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.
Further Reading: What are the Benefits of Index Funds?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.