Lokken Investment Group LLC Buys 572 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lokken Investment Group LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,903 shares of the semiconductor company’s stock after purchasing an additional 572 shares during the period. Lokken Investment Group LLC’s holdings in Texas Instruments were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of 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 valued at $175,538,000 after buying an additional 145,328 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after buying an additional 636,013 shares during the period. Advisors Capital Management LLC lifted its position in Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after buying an additional 205,676 shares during the last quarter. Clear Rock Advisors LLC purchased a new position in Texas Instruments during the fourth quarter worth $1,984,000. Finally, KBC Group NV increased its position in Texas Instruments by 65.0% during the fourth quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after acquiring an additional 278,396 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related 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 value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the SEC, which is available through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the 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 directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last three months. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.39 on Wednesday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The business’s fifty day simple moving average is $200.66 and its 200-day simple moving average is $189.43. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market cap of $183.36 billion, a PE ratio of 31.42, a PEG ratio of 4.26 and a beta of 0.99.

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

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, August 21st. 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 report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group boosted their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Susquehanna increased their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.