Fulton Bank N.A. Purchases 93 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fulton Bank N.A. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,466 shares of the semiconductor company’s stock after purchasing an additional 93 shares during the period. Fulton Bank N.A.’s holdings in Texas Instruments were worth $1,542,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its position in Texas Instruments by 4.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after purchasing an additional 9,608 shares during the last quarter. Nordea Investment Management AB grew its position in Texas Instruments by 16.9% during 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 last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Advisors Capital Management LLC grew its position in Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $201.27 on Tuesday. The company has a fifty day moving average of $201.36 and a two-hundred day moving average of $192.43. The stock has a market capitalization of $183.25 billion, a PE ratio of 31.40, a P/E/G ratio of 4.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the firm posted $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 84.87%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TXN shares. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Barclays upped their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Susquehanna upped their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $204.67.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

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.