Westside Investment Management Inc. Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Westside Investment Management Inc. 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 Securities and Exchange Commission (SEC). The firm acquired 1,282 shares of the semiconductor company’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Meridian Wealth Management LLC grew its holdings in shares of Texas Instruments by 5.3% during the second quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock worth $196,000 after buying an additional 86 shares in the last quarter. Coastline Trust Co grew its holdings in shares of Texas Instruments by 1.1% during the second quarter. Coastline Trust Co now owns 8,505 shares of the semiconductor company’s stock worth $976,000 after buying an additional 90 shares in the last quarter. HNP Capital LLC grew its holdings in shares of Texas Instruments by 1.3% during the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after buying an additional 95 shares in the last quarter. Northwest Bancshares Inc. grew its holdings in shares of Texas Instruments by 3.3% during the first quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock worth $335,000 after buying an additional 100 shares in the last quarter. Finally, Warren Averett Asset Management LLC grew its holdings in shares of Texas Instruments by 3.4% during the first quarter. Warren Averett Asset Management LLC now owns 3,042 shares of the semiconductor company’s stock worth $323,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Shares of NASDAQ TXN traded up $1.05 during trading on Tuesday, reaching $117.98. 56,635 shares of the stock were exchanged, compared to its average volume of 5,430,202. The business’s 50-day moving average price is $118.17. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $130.37. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The company has a market cap of $110.48 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s payout ratio is currently 56.83%.

A number of equities research analysts have recently commented on TXN shares. Oppenheimer lifted their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. CIBC lifted their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. Nomura assumed coverage on shares of Texas Instruments in a report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. 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 company. The company has a consensus rating of “Hold” and a consensus price target of $118.74.

In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of Texas Instruments stock in a transaction 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 sale, the senior vice president now owns 62,417 shares in the company, valued at $8,003,107.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction 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 sale, the insider now owns 243,755 shares of the company’s stock, valued at approximately $31,276,204.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,251,117 shares of company stock worth $159,473,823. Corporate insiders own 0.89% of the company’s stock.

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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