Sound Income Strategies LLC Acquires 180 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sound Income Strategies LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 21.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,007 shares of the semiconductor company’s stock after buying an additional 180 shares during the period. Sound Income Strategies LLC’s holdings in Texas Instruments were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AXQ Capital LP lifted its position in shares of Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Texas Instruments during the fourth quarter valued at about $222,000. First National Advisers LLC lifted its position in shares of Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXN. Mizuho raised their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen raised their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Evercore ISI raised their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald raised their price objective on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Trading Down 0.7 %

Shares of TXN stock traded down $1.37 on Wednesday, hitting $193.10. 3,300,710 shares of the company’s stock traded hands, compared to its average volume of 5,564,143. The stock has a market capitalization of $175.81 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company’s fifty day simple moving average is $188.42 and its 200 day simple moving average is $174.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 over the last three months. 0.68% of the stock is currently owned by company 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.