Perfromance Wealth Partners LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Perfromance Wealth Partners LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,396 shares of the semiconductor company’s stock after purchasing an additional 221 shares during the period. Perfromance Wealth Partners LLC’s holdings in Texas Instruments were worth $675,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Mizuho Securities Co. Ltd. increased its stake in Texas Instruments by 280.6% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Rather & Kittrell Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth $30,000. Blume Capital Management Inc. purchased a new stake in shares of Texas Instruments in the 1st quarter worth about $33,000. IAG Wealth Partners LLC grew its stake in Texas Instruments by 62.0% in the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Finally, First PREMIER Bank purchased a new position in Texas Instruments during the 1st quarter valued at about $37,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $1.31 during midday trading on Friday, reaching $161.31. The company’s stock had a trading volume of 311,673 shares, compared to its average volume of 5,638,136. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The company has a market cap of $147.39 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.03. The company has a 50 day moving average price of $171.17 and a 200 day moving average price of $169.54. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.38. Texas Instruments had a return on equity of 64.02% and a net margin of 43.78%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.53 billion. On average, equities research analysts expect that Texas Instruments Incorporated will post 9.35 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be issued a $1.24 dividend. The ex-dividend date is Friday, October 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio is presently 50.33%.

Texas Instruments announced that its board has initiated a stock repurchase plan on Thursday, September 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. UBS Group dropped their target price on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Sanford C. Bernstein boosted their price objective on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Texas Instruments from $175.00 to $160.00 in a research note on Wednesday, July 20th. Finally, Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $190.00 to $175.00 in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $182.19.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at approximately $5,668,024.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 12,299 shares of Texas Instruments stock in a transaction on Friday, July 29th. The shares were sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now owns 32,088 shares of the company’s stock, valued at approximately $5,668,024.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares in the company, valued at $11,955,124.02. The disclosure for this sale can be found here. Insiders sold a total of 57,415 shares of company stock valued at $10,241,311 over the last quarter. Company insiders own 0.54% of the company’s stock.

Texas Instruments Profile

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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, 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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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