Oak Harvest Investment Services Has $796,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Oak Harvest Investment Services trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,570 shares of the semiconductor company’s stock after selling 251 shares during the quarter. Oak Harvest Investment Services’ holdings in Texas Instruments were worth $796,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Finally, Westend Capital Management LLC bought a new position in shares of Texas Instruments during the first quarter valued at about $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated 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 sale, 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. In the last ninety days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXN. TD Cowen lifted their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Barclays lifted their price objective on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Citigroup lifted their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company began 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. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Trading Up 0.3 %

Shares of TXN traded up $0.52 during mid-day trading on Thursday, reaching $198.94. The company’s stock had a trading volume of 2,454,756 shares, compared to its average volume of 4,417,241. The stock has a market cap of $181.13 billion, a PE ratio of 31.04, a P/E/G ratio of 4.30 and a beta of 0.99. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The company’s fifty day moving average price is $192.03 and its two-hundred day moving average price is $175.93.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating 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 company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the business posted $1.85 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders 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 annualized dividend and a yield of 2.61%. 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.