Strategic Financial Concepts LLC Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Strategic Financial Concepts LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 139,209 shares of the semiconductor company’s stock, valued at approximately $27,080,000.

Several other large investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $26,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments in the first quarter worth $31,000. Norwood Financial Corp bought a new position in shares of Texas Instruments during the first quarter valued at $32,000. Finally, Fortis Group Advisors LLC boosted its position in shares of Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $197.45 on Friday. The company has a market capitalization of $180.28 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $200.50 and its 200-day simple moving average is $187.57. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp boosted their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays boosted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Evercore ISI lifted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $204.67.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 over the last ninety days. 0.68% of the stock is owned by insiders.

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.