Claro Advisors LLC Acquires 347 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Claro Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,472 shares of the semiconductor company’s stock after acquiring an additional 347 shares during the quarter. Claro Advisors LLC’s holdings in Texas Instruments were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in Texas Instruments during the 4th quarter valued at $1,649,592,000. Van ECK Associates Corp raised its holdings in shares of 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 acquiring an additional 1,972,304 shares in the last quarter. Capital Research Global Investors lifted 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 worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Baillie Gifford & Co. grew 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 acquiring an additional 1,181,841 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 6.1% during 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 purchasing an additional 1,154,513 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the subject of a number of analyst reports. Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $204.67.

Insider Activity

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

Texas Instruments Price Performance

NASDAQ TXN opened at $214.34 on Monday. The company has a market cap of $195.70 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 4.66 and a beta of 0.99. 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’s fifty day moving average price is $199.51 and its 200 day moving average price is $186.26. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is 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.