Hendley & Co. Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,787 shares of the semiconductor company’s stock after selling 5,023 shares during the quarter. Texas Instruments makes up 3.4% of Hendley & Co. Inc.’s investment portfolio, making the stock its 10th largest position. Hendley & Co. Inc.’s holdings in Texas Instruments were worth $6,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its stake in Texas Instruments by 1.5% during the second quarter. Gulf International Bank UK Ltd now owns 316,213 shares of the semiconductor company’s stock valued at $34,862,000 after buying an additional 4,665 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Texas Instruments during the first quarter valued at $1,049,000. Koch Industries Inc. raised its stake in Texas Instruments by 30.2% during the first quarter. Koch Industries Inc. now owns 13,520 shares of the semiconductor company’s stock valued at $1,405,000 after buying an additional 3,138 shares during the last quarter. First Financial Bank Trust Division purchased a new position in Texas Instruments during the second quarter valued at $208,000. Finally, Culbertson A N & Co. Inc. raised its stake in Texas Instruments by 2.9% during the second quarter. Culbertson A N & Co. Inc. now owns 24,619 shares of the semiconductor company’s stock valued at $2,714,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.
In other Texas Instruments news, insider Niels Anderskouv sold 102,595 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $110.10, for a total transaction of $11,295,709.50. Following the sale, the insider now directly owns 110,187 shares in the company, valued at $12,131,588.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total value of $2,824,222.90. Following the sale, the insider now owns 131,153 shares in the company, valued at $14,630,117.15. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. research analysts expect that Texas Instruments Incorporated will post 5.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
Several research firms have recently weighed in on TXN. B. Riley boosted their price target on Texas Instruments from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 25th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Longbow Research upgraded Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 11th. Atlantic Securities began coverage on Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price target for the company. Finally, DZ Bank upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $121.64.
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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