Redmond Asset Management LLC Buys 117 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Redmond Asset Management LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,225 shares of the semiconductor company’s stock after purchasing an additional 117 shares during the quarter. Texas Instruments comprises approximately 1.3% of Redmond Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Redmond Asset Management LLC’s holdings in Texas Instruments were worth $3,124,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Comerica Securities Inc. boosted its stake in shares of Texas Instruments by 5.3% in the 4th quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock valued at $1,760,000 after purchasing an additional 944 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Texas Instruments by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock valued at $289,481,000 after purchasing an additional 34,606 shares during the last quarter. First Command Bank boosted its stake in shares of Texas Instruments by 27.8% in the 1st quarter. First Command Bank now owns 4,677 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 1,017 shares during the last quarter. KMG Fiduciary Partners LLC boosted its stake in shares of Texas Instruments by 3.9% in the 1st quarter. KMG Fiduciary Partners LLC now owns 6,253 shares of the semiconductor company’s stock valued at $663,000 after purchasing an additional 235 shares during the last quarter. Finally, Lourd Capital LLC boosted its stake in shares of Texas Instruments by 13.8% in the 1st quarter. Lourd Capital LLC now owns 3,134 shares of the semiconductor company’s stock valued at $332,000 after purchasing an additional 379 shares during the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.

TXN stock traded down $0.47 during mid-day trading on Thursday, hitting $120.13. 1,364,666 shares of the company were exchanged, compared to its average volume of 6,345,917. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. The company has a market cap of $112.11 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.27 and a beta of 1.25. The business has a 50 day simple moving average of $119.89. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were issued a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.56%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

In other news, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the sale, the chief financial officer now directly owns 94,648 shares in the company, valued at $12,116,836.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the sale, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank reissued a “neutral” rating and set a $120.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 price objective on the stock in a research note on Saturday, July 27th. Finally, Bank of America reissued a “neutral” rating and set a $122.00 price objective (up previously from $114.00) 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 given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $118.74.

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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