Schonfeld Strategic Advisors LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 253.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,375 shares of the semiconductor company’s stock after buying an additional 102,094 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Texas Instruments were worth $18,077,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $31,000. Evolution Wealth Advisors LLC grew its position in shares of Texas Instruments by 89.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 131 shares during the last quarter. Islay Capital Management LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $38,000. HHM Wealth Advisors LLC purchased a new position in Texas Instruments during the 1st quarter worth $34,000. Finally, Perennial Advisors LLC purchased a new position in Texas Instruments during the 1st quarter worth $26,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the stock. BNP Paribas downgraded shares of Texas Instruments from a “neutral” rating to an “underperform” rating and set a $108.00 price objective on the stock. in a research report on Thursday, July 9th. Mizuho raised their price objective on shares of Texas Instruments from $111.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Rosenblatt Securities raised their price objective on shares of Texas Instruments from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank of Canada raised their price objective on shares of Texas Instruments from $125.00 to $140.00 in a research report on Wednesday, July 22nd. Finally, Citigroup lifted their target price on shares of Texas Instruments from $138.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $134.00.
Shares of NASDAQ TXN traded down $0.96 during midday trading on Wednesday, hitting $139.68. The company had a trading volume of 3,591,662 shares, compared to its average volume of 5,619,914. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a twelve month low of $93.09 and a twelve month high of $148.37. The business has a 50-day simple moving average of $137.12 and a two-hundred day simple moving average of $121.61. The firm has a market capitalization of $126.89 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the business earned $1.36 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, July 30th. Texas Instruments’s payout ratio is currently 68.70%.
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.
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