Pathway Financial Advisors LLC Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

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Pathway Financial Advisors LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,837 shares of the semiconductor company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Farmers National Bank bought a new position in Texas Instruments during the first quarter worth about $35,000. Icon Wealth Partners LLC acquired a new stake in shares of Texas Instruments during the first quarter worth about $37,000. Global Wealth Management Investment Advisory Inc. raised its position in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the period. Shine Investment Advisory Services Inc. raised its position in shares of Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Texas Instruments during the first quarter worth about $46,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $124.00 price target on shares of Texas Instruments in a research report on Tuesday, April 30th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (up previously from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Credit Suisse Group raised their price target on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks raised their price target on Texas Instruments to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $118.74.

In related news, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the sale, the insider now directly owns 102,652 shares in the company, valued at approximately $12,851,003.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellen Barker sold 17,500 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $128.15, for a total value of $2,242,625.00. Following the completion of the sale, the insider now owns 47,660 shares of the company’s stock, valued at $6,107,629. 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 quarter. 0.89% of the stock is currently owned by corporate insiders.

Shares of NASDAQ TXN traded up $1.36 during midday trading on Wednesday, hitting $125.67. 163,228 shares of the company’s stock were exchanged, compared to its average volume of 6,400,649. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $130.37. The company’s 50 day moving average price is $120.79 and its 200 day moving average price is $112.56. The firm has a market capitalization of $117.49 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.45%. Texas Instruments’s dividend payout ratio is currently 56.83%.

About Texas Instruments

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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