Usca Ria LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,884 shares of the semiconductor company’s stock after purchasing an additional 896 shares during the period. Usca Ria LLC’s holdings in Texas Instruments were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Bank of The West boosted its stake in shares of Texas Instruments by 4.6% during the second quarter. Bank of The West now owns 10,401 shares of the semiconductor company’s stock worth $1,146,000 after buying an additional 453 shares during the period. Buckley Wealth Management LLC boosted its stake in shares of Texas Instruments by 3.5% during the second quarter. Buckley Wealth Management LLC now owns 13,732 shares of the semiconductor company’s stock worth $1,514,000 after buying an additional 461 shares during the period. D.B. Root & Company LLC raised its holdings in Texas Instruments by 8.9% during the second quarter. D.B. Root & Company LLC now owns 5,701 shares of the semiconductor company’s stock worth $629,000 after purchasing an additional 466 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in Texas Instruments by 0.7% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 64,132 shares of the semiconductor company’s stock worth $7,071,000 after purchasing an additional 474 shares in the last quarter. Finally, Northstar Investment Advisors LLC raised its holdings in Texas Instruments by 0.5% during the second quarter. Northstar Investment Advisors LLC now owns 96,683 shares of the semiconductor company’s stock worth $10,657,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 84.41% of the company’s stock.
Shares of Texas Instruments stock opened at $97.57 on Wednesday. Texas Instruments Incorporated has a 12-month low of $87.90 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09. The stock has a market capitalization of $92.42 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.85 and a beta of 1.28.
Texas Instruments declared that its Board of Directors has authorized a share buyback program on Thursday, September 20th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 3.16%. Texas Instruments’s dividend payout ratio (DPR) is 71.96%.
In other Texas Instruments news, Director Martin S. Craighead acquired 10,900 shares of the company’s stock in a transaction dated Thursday, October 25th. The stock was acquired at an average cost of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares in the company, valued at approximately $1,201,270. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the transaction, the insider now directly owns 43,270 shares of the company’s stock, valued at $4,067,380. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.
TXN has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Texas Instruments in a report on Tuesday, September 25th. They set a “sector weight” rating for the company. BidaskClub raised shares of Texas Instruments from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Goldman Sachs Group raised shares of Texas Instruments from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $157.00 price target on shares of Texas Instruments in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the stock. Texas Instruments has an average rating of “Hold” and a consensus price target of $117.11.
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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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