Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,078 shares of the semiconductor company’s stock after acquiring an additional 1,152 shares during the quarter. Vident Advisory LLC’s holdings in Texas Instruments were worth $4,195,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated bought a new stake in shares of Texas Instruments in the 4th quarter worth about $222,000. First National Advisers LLC grew its position in shares of Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after buying an additional 2,059 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after buying an additional 145,328 shares during the last quarter. Chicago Capital LLC grew its position in shares of Texas Instruments by 182.7% during the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after buying an additional 8,311 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after buying an additional 636,013 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN traded up $4.87 during midday trading on Friday, hitting $202.02. The company had a trading volume of 1,657,660 shares, compared to its average volume of 5,484,177. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The company has a market capitalization of $183.94 billion, a PE ratio of 30.76, a P/E/G ratio of 4.29 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The firm’s 50-day simple moving average is $197.90 and its 200-day simple moving average is $179.55.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.14 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 in the last 90 days. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TXN shares. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday. Robert W. Baird boosted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.