Perigon Wealth Management LLC Buys 182 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Perigon Wealth Management LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 7.3% during the second quarter, HoldingsChannel reports. The firm owned 2,684 shares of the semiconductor company’s stock after purchasing an additional 182 shares during the quarter. Perigon Wealth Management LLC’s holdings in Texas Instruments were worth $412,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TXN. Enterprise Trust & Investment Co bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $25,000. Blume Capital Management Inc. bought a new stake in Texas Instruments during the first quarter worth about $33,000. Steward Financial Group LLC boosted its stake in Texas Instruments by 205.6% during the second quarter. Steward Financial Group LLC now owns 217 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 146 shares in the last quarter. Nvwm LLC boosted its stake in Texas Instruments by 132.1% during the second quarter. Nvwm LLC now owns 246 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 140 shares in the last quarter. Finally, Horan Securities Inc. boosted its stake in Texas Instruments by 89.9% during the second quarter. Horan Securities Inc. now owns 319 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group dropped their price objective on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Mizuho decreased their target price on shares of Texas Instruments from $168.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, October 26th. Cowen decreased their target price on shares of Texas Instruments from $170.00 to $160.00 in a report on Wednesday, October 26th. Credit Suisse Group cut shares of Texas Instruments from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $185.00 to $205.00 in a report on Wednesday, November 16th. Finally, Sanford C. Bernstein decreased their target price on shares of Texas Instruments to $145.00 in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $174.70.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Texas Instruments Stock Performance

TXN opened at $172.40 on Tuesday. The firm has a market cap of $156.47 billion, a P/E ratio of 18.07, a PEG ratio of 2.02 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $144.46 and a 1-year high of $199.90. The company has a 50 day simple moving average of $162.59 and a two-hundred day simple moving average of $165.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Equities analysts forecast that Texas Instruments Incorporated will post 9.27 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $1.24 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.88%. Texas Instruments’s dividend payout ratio is currently 51.99%.

Texas Instruments declared that its board has approved a stock buyback program on Thursday, September 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Texas Instruments Profile

(Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

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

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