TD Asset Management Inc Has $206.32 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

TD Asset Management Inc grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,184,287 shares of the semiconductor company’s stock after purchasing an additional 1,760 shares during the quarter. TD Asset Management Inc owned about 0.13% of Texas Instruments worth $206,315,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments in the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. TD Cowen upped their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Evercore ISI upped their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Stifel Nicolaus upped their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Barclays upped their price objective on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $188.10.

Texas Instruments Stock Up 0.7 %

NASDAQ TXN traded up $1.33 during trading hours on Thursday, hitting $205.59. 2,282,529 shares of the company traded hands, compared to its average volume of 5,414,199. The business’s 50-day moving average is $196.64 and its 200-day moving average is $178.23. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The stock has a market capitalization of $187.19 billion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 4.48 and a beta of 0.99.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.53%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity

In other news, 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 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 $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the 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 owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. 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 three months. Insiders own 0.68% of the company’s stock.

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.