Lynx Investment Advisory Invests $102,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Lynx Investment Advisory purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 524 shares of the semiconductor company’s stock, valued at approximately $102,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont increased its position in Texas Instruments by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 13,423 shares of the semiconductor company’s stock valued at $2,611,000 after acquiring an additional 357 shares during the period. Cardinal Capital Management Inc. boosted its holdings in Texas Instruments by 17.5% in the 2nd quarter. Cardinal Capital Management Inc. now owns 1,410 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 210 shares in the last quarter. Monterey Private Wealth Inc. purchased a new stake in Texas Instruments in the 2nd quarter valued at approximately $227,000. Deane Retirement Strategies Inc. boosted its holdings in Texas Instruments by 20,774.3% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 15,447 shares of the semiconductor company’s stock valued at $3,002,000 after purchasing an additional 15,373 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Texas Instruments by 36.9% in the 2nd quarter. Mather Group LLC. now owns 21,137 shares of the semiconductor company’s stock valued at $4,112,000 after purchasing an additional 5,692 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TXN. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Robert W. Baird lifted their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. TD Cowen lifted their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Trading Up 3.2 %

TXN traded up $5.76 during trading on Tuesday, hitting $186.95. The company’s stock had a trading volume of 6,208,050 shares, compared to its average volume of 5,571,663. The firm’s 50 day moving average price is $197.48 and its 200-day moving average price is $181.22. 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 stock has a market cap of $170.69 billion, a PE ratio of 29.17, a PEG ratio of 4.08 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.78%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.