Beaton Management Co. Inc. Buys Shares of 1,300 Texas Instruments Incorporated (NASDAQ:TXN)

Beaton Management Co. Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,300 shares of the semiconductor company’s stock, valued at approximately $250,000.

Other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc boosted its holdings in shares of Texas Instruments by 240.0% during the second quarter. Key Financial Inc now owns 238 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 168 shares during the period. MV Capital Management Inc. boosted its holdings in shares of Texas Instruments by 104.4% during the second quarter. MV Capital Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 119 shares during the period. Stonebridge Capital Advisors LLC acquired a new position in shares of Texas Instruments during the first quarter valued at $55,000. Tacita Capital Inc acquired a new position in shares of Texas Instruments during the second quarter valued at $57,000. Finally, Providence Capital Advisors LLC acquired a new position in shares of Texas Instruments during the first quarter valued at $66,000. Hedge funds and other institutional investors own 82.51% of the company’s stock.

Shares of NASDAQ TXN traded down $2.11 during trading hours on Monday, hitting $198.54. The stock had a trading volume of 75,470 shares, compared to its average volume of 4,224,745. The company has a market capitalization of $183.29 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.59 and a beta of 1.01. The firm’s 50-day moving average price is $190.29 and its two-hundred day moving average price is $187.92. Texas Instruments Incorporated has a 52 week low of $134.75 and a 52 week high of $200.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.23 and a current ratio of 5.08.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Texas Instruments had a return on equity of 69.28% and a net margin of 40.12%. The company’s revenue was up 41.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. As a group, analysts expect that Texas Instruments Incorporated will post 7.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Monday, November 1st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, October 29th. This represents a $4.60 dividend on an annualized basis and a yield of 2.32%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.02. Texas Instruments’s dividend payout ratio is presently 68.34%.

Several equities analysts have recently issued reports on TXN shares. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 price target for the company. in a report on Tuesday, June 29th. Summit Redstone cut shares of Texas Instruments to a “hold” rating in a research report on Thursday, July 22nd. Raymond James boosted their price target on shares of Texas Instruments from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. Longbow Research cut shares of Texas Instruments from a “buy” rating to a “neutral” rating in a research report on Monday, September 20th. Finally, Bank of America boosted their price target on shares of Texas Instruments from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $203.88.

In other Texas Instruments news, Director Jean M. Hobby sold 900 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.04, for a total transaction of $172,836.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Julie C. Knecht sold 7,399 shares of the business’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the completion of the sale, the chief accounting officer now owns 16,472 shares in the company, valued at approximately $3,165,424.24. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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