Cornerstone Wealth Group LLC Takes $254,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Cornerstone Wealth Group LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,459 shares of the semiconductor company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board grew its stake in shares of Texas Instruments by 13.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 53,654 shares of the semiconductor company’s stock valued at $9,844,000 after purchasing an additional 6,400 shares during the period. Guidance Capital Inc. grew its position in shares of Texas Instruments by 23.9% during the 1st quarter. Guidance Capital Inc. now owns 4,966 shares of the semiconductor company’s stock valued at $826,000 after acquiring an additional 957 shares during the period. Coston McIsaac & Partners increased its stake in shares of Texas Instruments by 3.3% in the 1st quarter. Coston McIsaac & Partners now owns 27,477 shares of the semiconductor company’s stock worth $4,787,000 after purchasing an additional 876 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in Texas Instruments in the 1st quarter worth $44,000. Finally, Symphony Financial Ltd. Co. lifted its position in Texas Instruments by 2.2% during the first quarter. Symphony Financial Ltd. Co. now owns 10,872 shares of the semiconductor company’s stock valued at $1,894,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 over the last 90 days. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TXN. Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $175.00 in a research report on Monday, May 13th. Mizuho lifted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Benchmark increased their price target on Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Trading Up 0.6 %

Shares of NASDAQ:TXN traded up $1.10 during trading on Friday, hitting $194.53. The company had a trading volume of 8,860,990 shares, compared to its average volume of 4,647,702. The stock has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 4.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a fifty day simple moving average of $190.26 and a two-hundred day simple moving average of $175.28. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00.

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

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

About Texas Instruments

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.