Beacon Capital Management LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Capital Management LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 42.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 331 shares of the semiconductor company’s stock after buying an additional 98 shares during the period. Beacon Capital Management LLC’s holdings in Texas Instruments were worth $58,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated purchased a new stake in Texas Instruments in the 4th quarter valued at about $222,000. First National Advisers LLC boosted its position in Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after buying an additional 2,059 shares during the period. Nordea Investment Management AB lifted its position in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after purchasing an additional 145,328 shares during the period. Chicago Capital LLC lifted its position in shares of Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 8,311 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. Citigroup upped their price target on shares of Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Truist Financial upped their price target on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Performance

Shares of TXN stock traded down $10.48 during trading hours on Thursday, hitting $193.33. The company’s stock had a trading volume of 7,874,362 shares, compared to its average volume of 5,505,584. The company has a 50 day moving average of $198.16 and a 200 day moving average of $180.62. The stock has a market cap of $176.52 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments 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.