Chemistry Wealth Management LLC Purchases 62 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Chemistry Wealth Management LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,254 shares of the semiconductor company’s stock after purchasing an additional 62 shares during the period. Chemistry Wealth Management LLC’s holdings in Texas Instruments were worth $218,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments in the fourth quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 0.3 %

Shares of TXN traded up $0.56 during mid-day trading on Tuesday, hitting $194.47. The company had a trading volume of 3,642,130 shares, compared to its average volume of 5,582,838. The stock has a market cap of $177.06 billion, a PE ratio of 30.34, a P/E/G ratio of 4.24 and a beta of 1.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00. The business’s 50-day simple moving average is $188.42 and its 200-day simple moving average is $174.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXN. Cantor Fitzgerald raised their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Mizuho increased their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $183.43.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.