Bridge Creek Capital Management LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,605 shares of the semiconductor company’s stock after buying an additional 865 shares during the period. Bridge Creek Capital Management LLC’s holdings in Texas Instruments were worth $943,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in TXN. Perennial Advisors LLC acquired a new stake in shares of Texas Instruments during the first quarter worth about $26,000. Toth Financial Advisory Corp purchased a new position in Texas Instruments during the second quarter worth about $31,000. Crewe Advisors LLC purchased a new position in Texas Instruments during the third quarter worth about $32,000. Pathstone Family Office LLC raised its holdings in Texas Instruments by 65.0% during the first quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 139 shares in the last quarter. Finally, Evolution Wealth Advisors LLC raised its holdings in Texas Instruments by 89.7% during the second quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
In other news, VP Darla H. Whitaker sold 40,000 shares of Texas Instruments stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $138.52, for a total value of $5,540,800.00. Following the completion of the transaction, the vice president now directly owns 89,524 shares of the company’s stock, valued at approximately $12,400,864.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jean M. Hobby sold 1,500 shares of Texas Instruments stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.55, for a total transaction of $195,825.00. Following the completion of the transaction, the director now directly owns 4,391 shares of the company’s stock, valued at $573,245.05. The disclosure for this sale can be found here. Insiders sold a total of 236,495 shares of company stock valued at $31,419,345 in the last three months. Insiders own 0.73% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.96 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. During the same quarter in the previous year, the firm earned $1.36 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.66%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s payout ratio is presently 68.70%.
Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Texas Instruments from $108.00 to $116.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Jefferies Financial Group increased their price target on shares of Texas Instruments from $136.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Zacks Investment Research cut shares of Texas Instruments from a “strong-buy” rating to a “hold” rating and set a $144.00 price target for the company. in a report on Tuesday, September 22nd. DZ Bank raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a report on Thursday, July 23rd. Finally, Barclays increased their target price on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $139.38.
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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