Klingman & Associates LLC Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Klingman & Associates LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 27.0% in the second quarter, HoldingsChannel reports. The firm owned 1,460 shares of the semiconductor company’s stock after acquiring an additional 310 shares during the quarter. Klingman & Associates LLC’s holdings in Texas Instruments were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TXN. Norges Bank purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $1,649,592,000. Van ECK Associates Corp increased its holdings in Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares during the last quarter. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after buying an additional 1,181,841 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after acquiring an additional 1,154,513 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent analyst reports. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, August 21st. Finally, Rosenblatt Securities boosted their price objective on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Trading Up 1.5 %

Shares of Texas Instruments stock opened at $214.34 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The business has a 50 day moving average price of $199.51 and a 200 day moving average price of $185.85. The company has a market capitalization of $195.70 billion, a P/E ratio of 33.44, a P/E/G ratio of 4.66 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last 90 days. Insiders own 0.68% of the company’s stock.

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.