Independence Bank of Kentucky raised its stake in Texas Instruments Incorporated (NASDAQ: TXN – Get Rating) by 3,456.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 889 shares of the semiconductor company stock after purchasing an additional 864 shares during the quarter. Independence Bank of Kentucky’s holdings in Texas Instruments were worth $ 163,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Texas Instruments in the 4th quarter valued at $ 26,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Texas Instruments by 81.7% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company stock valued at $ 28,000 after buying an additional 67 shares during the period. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $ 28,000. Widmann Financial Services Inc. acquired a new position in Texas Instruments during the fourth quarter worth $ 30,000. Finally, Rather & Kittrell Inc. purchased a new position in Texas Instruments in the fourth quarter worth $ 30,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Robert E. Sanchez sold 12,299 shares of the company stock in a transaction on Friday, May 13th. The stock was sold at an average price of $ 169.40, for a total transaction of $ 2,083,450.60. Following the completion of the sale, the director now directly owns 19,201 shares in the company, valued at approximately $ 3,252,649.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Hagop H. Kozanian sold 5,904 shares of Texas Instruments stock in a transaction on Friday, May 13th. The shares were sold at an average price of $ 170.23, for a total value of $ 1,005,037.92. Following the completion of the transaction, the vice president now owns 44,885 shares in the company, valued at approximately $ 7,640,773.55. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company stock.
TXN stock opened at $ 155.95 on Friday. The company has a 50 day moving average price of $ 167.55 and a two-hundred day moving average price of $ 175.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.73 and a current ratio of 5.54. The stock has a market capitalization of $ 143.81 billion, a P / E ratio of 17.84, a PEG ratio of 1.87 and a beta of 0.94. Texas Instruments Incorporated has a one year low of $ 149.10 and a one year high of $ 202.26.
Texas Instruments (NASDAQ: TXN – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $ 2.35 EPS for the quarter, beating analysts’ consensus estimates of $ 2.17 by $ 0.18. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The business had revenue of $ 4.91 billion during the quarter, compared to the estimate consensus of $ 4.73 billion. During the same quarter in the previous year, the business earned $ 1.87 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were paid a dividend of $ 1.15 per share. This represents a $ 4.60 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, May 6th. Texas Instruments’s dividend payout ratio is currently 52.63%.
A number of research firms have recently weighed in on TXN. Morgan Stanley lowered their price target on shares of Texas Instruments from $ 170.00 to $ 155.00 and set an “underweight” rating on the stock in a research note on Friday, June 10th. Bank of America lowered their target price on shares of Texas Instruments from $ 200.00 to $ 190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Credit Suisse Group reduced their price target on shares of Texas Instruments from $ 200.00 to $ 195.00 in a research report on Wednesday, April 27th. Stifel Nicolaus lowered their price target on Texas Instruments from $ 180.00 to $ 170.00 and set a “hold” rating on the stock in a report on Wednesday, April 27th. Finally, KeyCorp reduced their price target on Texas Instruments from $ 240.00 to $ 220.00 and set an “overweight” rating for the company in a report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $ 191.67.
Texas Instruments Profile: (Get Rating)
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 at various levels using battery-management solutions, DC / DC switching regulators, AC / DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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