Securian Asset Management Inc Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

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Securian Asset Management Inc raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 98,207 shares of the semiconductor company’s stock after purchasing an additional 860 shares during the period. Securian Asset Management Inc’s holdings in Texas Instruments were worth $11,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TXN. Farmers National Bank acquired a new stake in shares of Texas Instruments in the 1st quarter worth $35,000. Icon Wealth Partners LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth $37,000. Shine Investment Advisory Services Inc. increased its stake in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 279 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Texas Instruments by 919.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 331 shares during the last quarter. Finally, HMS Capital Management LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth $46,000. Institutional investors own 86.09% of the company’s stock.

In related news, insider R Gregory Delagi sold 198,610 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the completion of the transaction, the insider now directly owns 102,652 shares in the company, valued at approximately $12,851,003.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total value of $793,040.70. Following the transaction, the senior vice president now owns 62,417 shares of the company’s stock, valued at $8,003,107.74. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock valued at $159,473,823 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on TXN. Barclays raised their target price on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Credit Suisse Group raised their target price on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their target price on Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $118.74.

Shares of NASDAQ:TXN traded up $0.22 during midday trading on Tuesday, reaching $124.82. 69,729 shares of the company’s stock were exchanged, compared to its average volume of 6,400,649. The firm’s 50 day simple moving average is $120.64 and its two-hundred day simple moving average is $112.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The stock has a market cap of $114.67 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.32 and a beta of 1.25. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.

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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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