Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Raised by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,588 shares of the semiconductor company’s stock after purchasing an additional 9,763 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Texas Instruments were worth $11,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado increased its position in Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after buying an additional 636,013 shares during the period. Advisors Capital Management LLC increased its position in Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after buying an additional 205,676 shares during the period. Clear Rock Advisors LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $1,984,000. Finally, KBC Group NV increased its position in Texas Instruments by 65.0% in the 4th quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock worth $120,444,000 after buying an additional 278,396 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 1.5 %

NASDAQ:TXN opened at $201.39 on Wednesday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The business’s 50-day moving average price is $200.66 and its two-hundred day moving average price is $189.43. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $183.36 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. Texas Instruments’s payout ratio is presently 81.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. Morgan Stanley boosted their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Barclays upped their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Robert W. Baird upped their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Susquehanna upped their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $204.67.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction that occurred 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 owns 28,894 shares of the company’s stock, valued at $6,035,956.60. 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 corporate insiders.

About Texas Instruments

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.