Reynders McVeigh Capital Management LLC Acquires Shares of 1,880 Texas Instruments Incorporated (NASDAQ:TXN)

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Reynders McVeigh Capital Management LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,880 shares of the semiconductor company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC increased its stake in shares of Texas Instruments by 103.2% in the 1st quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after buying an additional 6,245 shares during the period. Dowling & Yahnke LLC increased its stake in shares of Texas Instruments by 0.7% in the 2nd quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock valued at $7,135,000 after buying an additional 422 shares during the period. ARP Americas LP increased its stake in shares of Texas Instruments by 233.4% in the 2nd quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock valued at $2,524,000 after buying an additional 15,400 shares during the period. M Holdings Securities Inc. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $216,000. Finally, Duality Advisers LP increased its stake in shares of Texas Instruments by 15.0% in the 1st quarter. Duality Advisers LP now owns 101,550 shares of the semiconductor company’s stock valued at $10,771,000 after buying an additional 13,280 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Several research firms have recently commented on TXN. BMO Capital Markets lifted their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. CIBC lifted their price objective on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wells Fargo & Co decreased their price objective on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Morgan Stanley lifted their price objective on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Credit Suisse Group lifted their price objective on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.12.

In other news, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the sale, the chief financial officer now directly owns 94,648 shares in the company, valued at $12,116,836.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $128.31, for a total value of $57,739,500.00. Following the completion of the sale, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,251,117 shares of company stock worth $159,473,823. Corporate insiders own 0.89% of the company’s stock.

TXN stock traded down $4.92 during midday trading on Friday, hitting $120.29. 5,312,370 shares of the company’s stock were exchanged, compared to its average volume of 5,237,867. The stock’s fifty day moving average price is $121.26 and its 200-day moving average price is $112.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The company has a market cap of $116.90 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.37 and a beta of 1.25. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.56%. Texas Instruments’s dividend payout ratio is presently 56.83%.

About Texas Instruments

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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