Wealthcare Advisory Partners LLC Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wealthcare Advisory Partners LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 72.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,386 shares of the semiconductor company’s stock after purchasing an additional 581 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Texas Instruments were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of TXN. Railway Pension Investments Ltd bought a new stake in Texas Instruments in the 2nd quarter worth about $12,823,000. DekaBank Deutsche Girozentrale increased its holdings in Texas Instruments by 122.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,487,044 shares of the semiconductor company’s stock worth $167,834,000 after buying an additional 819,965 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Texas Instruments by 133.9% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 910,166 shares of the semiconductor company’s stock worth $104,450,000 after buying an additional 521,088 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Texas Instruments by 89.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,093,931 shares of the semiconductor company’s stock worth $116,032,000 after buying an additional 517,285 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Texas Instruments by 17.8% in the 1st quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after buying an additional 486,584 shares in the last quarter. 85.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TXN traded down $3.70 during mid-day trading on Friday, reaching $120.61. 5,006,804 shares of the company traded hands, compared to its average volume of 6,186,277. The stock’s 50 day simple moving average is $119.04. The company has a market capitalization of $116.06 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.35 and a beta of 1.25. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $130.37.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be issued a $0.77 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.55%. Texas Instruments’s dividend payout ratio is presently 56.83%.

In related news, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the transaction, the insider now directly owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total value of $793,040.70. Following the completion of the transaction, the senior vice president now directly owns 62,417 shares in the company, valued at $8,003,107.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is owned by insiders.

TXN has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Co cut their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Oppenheimer boosted their price target on Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, UBS Group restated a “sell” rating and set a $90.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $118.74.

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

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