MBB Public Markets I LLC Takes $12.61 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

MBB Public Markets I LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,820 shares of the semiconductor company’s stock, valued at approximately $12,609,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gryphon Financial Partners LLC grew its holdings in shares of Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after acquiring an additional 1,870 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $990,000. Avestar Capital LLC raised its stake in shares of Texas Instruments by 2.7% during the 4th quarter. Avestar Capital LLC now owns 3,155 shares of the semiconductor company’s stock worth $538,000 after purchasing an additional 82 shares during the period. Evoke Wealth LLC boosted its holdings in shares of Texas Instruments by 945.0% in the 4th quarter. Evoke Wealth LLC now owns 21,527 shares of the semiconductor company’s stock worth $3,670,000 after buying an additional 19,467 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new position in shares of Texas Instruments in the 4th quarter worth about $95,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

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

Texas Instruments Price Performance

Texas Instruments stock opened at $209.26 on Friday. The stock has a market cap of $191.06 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 4.46 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $200.80 and a 200 day simple moving average of $190.64. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66.

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

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.60%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXN shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group lifted their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Susquehanna increased their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $204.67.

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.