Reynders McVeigh Capital Management LLC Buys 152 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Reynders McVeigh Capital Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,561 shares of the semiconductor company’s stock after acquiring an additional 152 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Texas Instruments were worth $447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $31,000. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Jefferies Financial Group cut Texas Instruments from a “buy” rating to a “hold” rating and reduced their target price for the company from $200.00 to $175.00 in a report on Monday, May 13th. Evercore ISI increased their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Benchmark raised their target price on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $184.62.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 over the last quarter. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded up $0.42 during midday trading on Monday, hitting $202.29. The stock had a trading volume of 1,303,333 shares, compared to its average volume of 5,422,783. The firm’s fifty day moving average is $195.36 and its two-hundred day moving average is $177.58. The company has a market capitalization of $184.18 billion, a PE ratio of 31.54, a P/E/G ratio of 4.37 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.57%. Texas Instruments’s payout ratio is 81.12%.

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.