Rockland Trust Co. Has $730,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Rockland Trust Co. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,670 shares of the semiconductor company’s stock after buying an additional 288 shares during the quarter. Rockland Trust Co.’s holdings in Texas Instruments were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Shine Investment Advisory Services Inc. boosted its stake in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares in the last quarter. Pathstone Family Office LLC boosted its stake in shares of Texas Instruments by 106.0% in the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 194 shares in the last quarter. TD Capital Management LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at $45,000. HMS Capital Management LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at $46,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

In related news, SVP Bing Xie sold 52,299 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the completion of the transaction, the senior vice president now directly owns 106,264 shares in the company, valued at approximately $13,575,226. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the transaction, the senior vice president now owns 62,417 shares of the company’s stock, valued at $8,003,107.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on the stock. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. BidaskClub raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus dropped their price target on shares of Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Barclays increased their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley increased their price target on shares of Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and an average price target of $119.74.

Shares of NASDAQ TXN opened at $130.09 on Friday. 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 firm has a fifty day simple moving average of $126.57 and a two-hundred day simple moving average of $117.63. The firm has a market capitalization of $118.98 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $131.80.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. Texas Instruments’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.77%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Wednesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

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.

See Also: Current Ratio

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

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