Institute for Wealth Management LLC. Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Institute for Wealth Management LLC. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,668 shares of the semiconductor company’s stock after buying an additional 1,173 shares during the period. Texas Instruments comprises 1.0% of Institute for Wealth Management LLC.’s holdings, making the stock its 14th biggest holding. Institute for Wealth Management LLC.’s holdings in Texas Instruments were worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Texas Instruments in the 2nd quarter valued at about $31,000. Evolution Wealth Advisors LLC boosted its position in Texas Instruments by 89.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 131 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $34,000. Perennial Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $26,000. Finally, Pathstone Family Office LLC raised its holdings in shares of Texas Instruments by 65.0% in the 1st quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 139 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

In other news, SVP Bing Xie sold 53,800 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $130.92, for a total value of $7,043,496.00. Following the sale, the senior vice president now directly owns 76,096 shares of the company’s stock, valued at approximately $9,962,488.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ahmad Bahai sold 3,185 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the completion of the sale, the vice president now directly owns 27,168 shares in the company, valued at $3,139,805.76. The disclosure for this sale can be found here. Insiders sold a total of 122,396 shares of company stock worth $15,983,413 over the last ninety days. Insiders own 0.73% of the company’s stock.

TXN has been the subject of several recent research reports. SunTrust Banks boosted their price target on shares of Texas Instruments from $109.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “market outperform” rating in a report on Wednesday, July 22nd. Royal Bank of Canada boosted their price target on shares of Texas Instruments from $125.00 to $140.00 in a report on Wednesday, July 22nd. Deutsche Bank boosted their price target on shares of Texas Instruments from $115.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Loop Capital lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and reduced their price target for the company from $145.00 to $108.00 in a report on Wednesday, April 22nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $134.00.

Texas Instruments stock traded down $1.34 during mid-day trading on Friday, reaching $127.55. 8,044,132 shares of the company traded hands, compared to its average volume of 4,561,689. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.92 and a quick ratio of 2.94. Texas Instruments Incorporated has a fifty-two week low of $93.09 and a fifty-two week high of $137.65. The company has a market capitalization of $117.06 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. The firm’s fifty day moving average is $128.12 and its two-hundred day moving average is $119.70.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.60. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $1.36 EPS. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.

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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