Claro Advisors LLC Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Claro Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 10.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,125 shares of the semiconductor company’s stock after acquiring an additional 201 shares during the period. Claro Advisors LLC’s holdings in Texas Instruments were worth $370,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC raised its position in shares of Texas Instruments by 5.0% in the first quarter. Miracle Mile Advisors LLC now owns 8,056 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 386 shares during the period. Aviance Capital Partners LLC acquired a new position in shares of Texas Instruments in the first quarter worth about $227,000. Financial Partners Group LLC raised its position in shares of Texas Instruments by 4.8% in the first quarter. Financial Partners Group LLC now owns 13,501 shares of the semiconductor company’s stock worth $2,352,000 after acquiring an additional 614 shares during the period. Optas LLC raised its position in shares of Texas Instruments by 2.9% in the first quarter. Optas LLC now owns 3,209 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 90 shares during the period. Finally, Waterway Wealth Management LLC acquired a new position in shares of Texas Instruments in the first quarter worth about $592,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last ninety days. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Up 0.0 %

Texas Instruments stock traded up $0.07 during mid-day trading on Monday, reaching $194.60. 2,872,247 shares of the company’s stock were exchanged, compared to its average volume of 5,555,462. The company has a market cap of $177.18 billion, a P/E ratio of 30.36, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $190.26 and a 200-day moving average of $175.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

Several research analysts recently weighed in on TXN shares. Stifel Nicolaus upped their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. TD Cowen increased their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Wells Fargo & Company started coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective for the company. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.