Beaumont Financial Partners LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,886 shares of the semiconductor company’s stock after acquiring an additional 201 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Texas Instruments were worth $1,012,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palladium Partners LLC lifted its position in shares of Texas Instruments by 3,674.4% during the 4th quarter. Palladium Partners LLC now owns 82,282 shares of the semiconductor company’s stock worth $10,556,000 after purchasing an additional 80,102 shares during the last quarter. Steel Peak Wealth Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $2,901,000. Pendal Group Ltd lifted its position in shares of Texas Instruments by 18.4% during the 4th quarter. Pendal Group Ltd now owns 135,822 shares of the semiconductor company’s stock worth $17,425,000 after purchasing an additional 21,061 shares during the last quarter. Lighthouse Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $92,000. Finally, Stone Ridge Asset Management LLC lifted its position in shares of Texas Instruments by 14.2% during the 4th quarter. Stone Ridge Asset Management LLC now owns 15,317 shares of the semiconductor company’s stock worth $1,965,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 84.90% of the company’s stock.
In other news, CEO Richard K. Templeton sold 135,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $127.57, for a total value of $17,221,950.00. Following the sale, the chief executive officer now directly owns 728,738 shares in the company, valued at approximately $92,965,106.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darla H. Whitaker sold 6,075 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $122.49, for a total value of $744,126.75. Following the completion of the sale, the vice president now owns 58,469 shares in the company, valued at $7,161,867.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 661,503 shares of company stock worth $84,059,352. Corporate insiders own 0.89% of the company’s stock.
Texas Instruments stock opened at $132.81 on Friday. The business has a 50 day moving average price of $128.92 and a two-hundred day moving average price of $125.21. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59. The stock has a market cap of $121.19 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.51 and a beta of 1.24. Texas Instruments Incorporated has a 12 month low of $101.57 and a 12 month high of $135.70.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, January 22nd. The semiconductor company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.02 by $0.10. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Texas Instruments had a return on equity of 56.61% and a net margin of 34.83%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were paid a $0.90 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.60 annualized dividend and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio is currently 68.70%.
Texas Instruments Company Profile
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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