Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 133.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,606 shares of the semiconductor company’s stock after buying an additional 25,508 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Texas Instruments were worth $6,854,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vigilare Wealth Management lifted its position in Texas Instruments by 1.7% in the first quarter. Vigilare Wealth Management now owns 3,538 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 59 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Texas Instruments by 9.8% during the first quarter. Atticus Wealth Management LLC now owns 662 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 59 shares in the last quarter. Mitchell Sinkler & Starr PA raised its holdings in shares of Texas Instruments by 1.4% during the first quarter. Mitchell Sinkler & Starr PA now owns 4,335 shares of the semiconductor company’s stock valued at $795,000 after acquiring an additional 59 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in shares of Texas Instruments by 1.8% during the first quarter. Uncommon Cents Investing LLC now owns 3,310 shares of the semiconductor company’s stock valued at $607,000 after acquiring an additional 60 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Texas Instruments by 8.5% during the first quarter. Newbridge Financial Services Group Inc. now owns 763 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the transaction, the vice president now owns 28,475 shares in the company, valued at approximately $5,054,312.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 of the company’s stock, valued at approximately $5,668,024.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Mark T. Roberts sold 2,048 shares of Texas Instruments stock in a transaction on Monday, August 1st. The shares were sold at an average price of $177.50, for a total value of $363,520.00. Following the sale, the vice president now directly owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The disclosure for this sale can be found here. Insiders sold 57,415 shares of company stock worth $10,241,311 in the last quarter. 0.54% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

TXN traded down $2.80 during midday trading on Friday, reaching $159.82. The company had a trading volume of 91,733 shares, compared to its average volume of 5,638,136. The company has a quick ratio of 4.24, a current ratio of 5.09 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $171.17 and a two-hundred day moving average of $169.54. The company has a market cap of $146.03 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $202.26.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 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 during the quarter, compared to analysts’ expectations of $4.53 billion. As a group, equities research analysts predict that Texas Instruments Incorporated will post 9.35 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has authorized a stock buyback program on Thursday, September 15th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, October 28th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio (DPR) is currently 50.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TXN shares. Morgan Stanley upped their target price on Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. Sanford C. Bernstein upped their price target on Texas Instruments to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Citigroup upped their price target on Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Mizuho reduced their price target on Texas Instruments from $175.00 to $168.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Texas Instruments from $175.00 to $160.00 in a research note on Wednesday, July 20th. Two investment 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’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $182.19.

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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