Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Arlington Trust Co LLC

Arlington Trust Co LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 24.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,139 shares of the semiconductor company’s stock after purchasing an additional 1,024 shares during the quarter. Arlington Trust Co LLC’s holdings in Texas Instruments were worth $1,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth $1,649,592,000. Van ECK Associates Corp raised its stake in Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares in the last quarter. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. raised its stake in Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXN. Evercore ISI raised their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. KeyCorp lifted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $204.67.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $197.45 on Friday. The firm has a 50 day simple moving average of $200.50 and a 200-day simple moving average of $187.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The firm has a market cap of $179.77 billion, a PE ratio of 30.80, a P/E/G ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. The company’s revenue was down 15.6% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

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

Texas Instruments 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.