Probity Advisors Inc. Raises Stake in Texas Instruments Incorporated $TXN

Key Points

• Probity Advisors Inc. increased its stake in Texas Instruments by 9.4% during the second quarter, owning 16,192 shares valued at approximately $3.36 million.
• Texas Instruments announced a quarterly dividend of $1.42 per share, an increase from its previous dividend, with a payment date set for November 12th.
• The company's stock performance showed a 12-month high of $221.69 and earnings of $1.41 EPS for the last quarter, surpassing analysts' expectations.

Probity Advisors Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,192 shares of the semiconductor company's stock after purchasing an additional 1,398 shares during the quarter. Probity Advisors Inc.'s holdings in Texas Instruments were worth $3,362,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. GAMMA Investing LLC boosted its holdings in Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock worth $3,422,000 after acquiring an additional 3,402 shares during the period. Palumbo Wealth Management LLC boosted its holdings in Texas Instruments by 42.5% in the 1st quarter. Palumbo Wealth Management LLC now owns 1,620 shares of the semiconductor company's stock worth $291,000 after acquiring an additional 483 shares during the period. Stiles Financial Services Inc boosted its holdings in Texas Instruments by 0.7% in the 1st quarter. Stiles Financial Services Inc now owns 17,531 shares of the semiconductor company's stock worth $3,150,000 after acquiring an additional 120 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Texas Instruments by 2.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 61,335 shares of the semiconductor company's stock worth $11,022,000 after acquiring an additional 1,524 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN stock opened at $179.59 on Tuesday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The firm has a market cap of $163.27 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.99 and a beta of 1.01. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock's 50 day simple moving average is $187.17 and its 200 day simple moving average is $185.96.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%.The business's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. This is an increase from Texas Instruments's previous quarterly dividend of $1.36. Texas Instruments's dividend payout ratio is currently 99.63%.

Analysts Set New Price Targets

TXN has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $220.00 price target on shares of Texas Instruments in a report on Monday, September 8th. Rosenblatt Securities restated a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Stifel Nicolaus cut their target price on Texas Instruments from $192.00 to $185.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Morgan Stanley cut their target price on Texas Instruments from $197.00 to $192.00 and set an "underweight" rating on the stock in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $209.47.

Insider Activity

In related news, VP Ahmad Bahai sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, the vice president directly owned 38,883 shares of the company's stock, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Texas Instruments 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.

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