Texas Instruments Incorporated (TXN) Holdings Boosted by Mariner LLC

Mariner LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,610 shares of the semiconductor company’s stock after purchasing an additional 15,740 shares during the quarter. Mariner LLC’s holdings in Texas Instruments were worth $5,154,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Taylor Hoffman Wealth Management purchased a new position in Texas Instruments during the fourth quarter worth approximately $105,000. Penserra Capital Management LLC purchased a new position in Texas Instruments during the first quarter worth approximately $106,000. Stelac Advisory Services LLC purchased a new position in shares of Texas Instruments in the first quarter valued at approximately $110,000. Massey Quick Simon & CO. LLC lifted its position in shares of Texas Instruments by 89.7% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 504 shares in the last quarter. Finally, Risk Paradigm Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $138,000. Institutional investors own 84.33% of the company’s stock.

NASDAQ:TXN opened at $114.00 on Thursday. Texas Instruments Incorporated has a one year low of $75.92 and a one year high of $120.75. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $112.85 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.25 and a beta of 1.28.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. equities research analysts anticipate that Texas Instruments Incorporated will post 5.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 21st. Shareholders of record on Monday, May 7th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $2.48 annualized dividend and a yield of 2.18%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

Several research firms have recently weighed in on TXN. BidaskClub downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Longbow Research began coverage on Texas Instruments in a research report on Tuesday, March 27th. They issued a “neutral” rating on the stock. UBS Group began coverage on Texas Instruments in a research report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price on the stock. Finally, ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $113.36.

In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the completion of the sale, the insider now owns 172,545 shares of the company’s stock, valued at $19,009,282.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Niels Anderskouv sold 20,191 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.13, for a total value of $2,223,634.83. Following the sale, the vice president now directly owns 110,187 shares of the company’s stock, valued at approximately $12,134,894.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,484 shares of company stock valued at $19,325,083. 0.84% of the stock is owned by insiders.

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.

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

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