Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 41,995 shares of the semiconductor company’s stock after purchasing an additional 1,009 shares during the quarter. Texas Instruments makes up about 2.1% of Stokes Capital Advisors LLC’s holdings, making the stock its 18th largest position. Stokes Capital Advisors LLC’s holdings in Texas Instruments were worth $7,316,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chemistry Wealth Management LLC grew its holdings in Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 62 shares in the last quarter. Field & Main Bank boosted its holdings in shares of Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the period. Guardian Wealth Management Inc. boosted its holdings in shares of Texas Instruments by 0.6% in the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after buying an additional 65 shares during the period. Howard Financial Services LTD. boosted its holdings in shares of Texas Instruments by 3.1% in the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the period. Finally, Sandy Spring Bank boosted its holdings in shares of Texas Instruments by 3.5% in the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 66 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXN. Barclays lifted their price target on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Cantor Fitzgerald lifted their price objective on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Price Performance

Shares of TXN stock traded up $2.86 during midday trading on Friday, reaching $196.29. 1,142,089 shares of the company were exchanged, compared to its average volume of 5,514,856. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $206.00. The company has a market cap of $178.72 billion, a P/E ratio of 30.18, a PEG ratio of 4.18 and a beta of 1.00. The company’s 50 day moving average price is $188.97 and its two-hundred day moving average price is $174.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.