Hartford Investment Management Co. Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

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Hartford Investment Management Co. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 193,524 shares of the semiconductor company’s stock after buying an additional 1,731 shares during the period. Hartford Investment Management Co.’s holdings in Texas Instruments were worth $22,209,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mount Vernon Associates Inc. MD raised its holdings in shares of Texas Instruments by 86.8% during the second quarter. Mount Vernon Associates Inc. MD now owns 25,710 shares of the semiconductor company’s stock valued at $2,950,000 after purchasing an additional 11,950 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Texas Instruments by 0.5% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 135,100 shares of the semiconductor company’s stock valued at $15,504,000 after purchasing an additional 636 shares during the last quarter. Squar Milner Financial Services LLC raised its holdings in shares of Texas Instruments by 1,938.8% during the second quarter. Squar Milner Financial Services LLC now owns 999 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 950 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Texas Instruments by 7.7% during the second quarter. Brookstone Capital Management now owns 3,323 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 238 shares during the last quarter. Finally, Manning & Napier Group LLC raised its holdings in shares of Texas Instruments by 1.5% during the second quarter. Manning & Napier Group LLC now owns 259,385 shares of the semiconductor company’s stock valued at $29,765,000 after purchasing an additional 3,950 shares during the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.

TXN has been the subject of several research reports. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. Rosenblatt Securities reissued a “buy” rating and set a $120.00 price objective on shares of Texas Instruments in a report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $124.00 price objective on shares of Texas Instruments in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $118.74.

In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 6,185 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total value of $793,040.70. Following the completion of the transaction, the senior vice president now directly owns 62,417 shares in the company, valued at $8,003,107.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the transaction, the insider now owns 243,755 shares of the company’s stock, valued at $31,276,204.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,052,507 shares of company stock valued at $134,609,837. Company insiders own 0.89% of the company’s stock.

Shares of NASDAQ TXN opened at $118.40 on Monday. The firm’s 50 day simple moving average is $117.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The company has a market capitalization of $113.73 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be given a $0.77 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.60%. Texas Instruments’s payout ratio is currently 56.83%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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