Robinson Value Management Ltd. Acquires Shares of 2,500 Texas Instruments Incorporated (NASDAQ:TXN)

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Robinson Value Management Ltd. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,500 shares of the semiconductor company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC boosted its holdings in shares of Texas Instruments by 5.3% during the 2nd quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 86 shares during the last quarter. Fiduciary Group LLC lifted its holdings in shares of Texas Instruments by 1.7% in the 2nd quarter. Fiduciary Group LLC now owns 5,338 shares of the semiconductor company’s stock valued at $613,000 after acquiring an additional 89 shares during the last quarter. Coastline Trust Co lifted its holdings in shares of Texas Instruments by 1.1% in the 2nd quarter. Coastline Trust Co now owns 8,505 shares of the semiconductor company’s stock valued at $976,000 after acquiring an additional 90 shares during the last quarter. Weil Company Inc. lifted its holdings in shares of Texas Instruments by 2.8% in the 2nd quarter. Weil Company Inc. now owns 3,334 shares of the semiconductor company’s stock valued at $383,000 after acquiring an additional 90 shares during the last quarter. Finally, Financial Advisors Network Inc. lifted its holdings in shares of Texas Instruments by 1.9% in the 2nd quarter. Financial Advisors Network Inc. now owns 5,047 shares of the semiconductor company’s stock valued at $609,000 after acquiring an additional 92 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

NASDAQ TXN traded up $0.28 during trading on Friday, hitting $127.09. The stock had a trading volume of 2,015,928 shares, compared to its average volume of 3,790,412. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The stock has a market capitalization of $118.39 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.39 and a beta of 1.26. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37. The stock has a 50 day simple moving average of $123.01 and a 200 day simple moving average of $114.14.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s payout ratio is currently 56.83%.

A number of brokerages recently commented on TXN. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price target for the company. in a report on Monday, August 26th. Loop Capital increased their price target on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Stifel Nicolaus lowered their price target on shares of Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, August 29th. BMO Capital Markets increased their price target on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Oppenheimer increased their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $118.71.

In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the completion of the sale, the senior vice president now owns 106,264 shares of the company’s stock, valued at $13,575,226. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the sale, the senior vice president now directly owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The disclosure for this sale can be found here. In the last three months, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by insiders.

Texas Instruments 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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