Dumont & Blake Investment Advisors LLC Has $1.26 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Dumont & Blake Investment Advisors LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,225 shares of the semiconductor company’s stock after selling 781 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Texas Instruments were worth $1,259,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares in the last quarter. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. increased its stake in Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after acquiring an additional 1,095,303 shares during the period. Finally, Norges Bank acquired a new position in Texas Instruments in the fourth quarter worth about $1,649,592,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the topic of a number of recent research reports. Barclays lifted their price objective on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Mizuho increased their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Benchmark boosted their price target on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Stifel Nicolaus increased their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI lifted their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $183.43.

Insider Activity at Texas Instruments

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

Texas Instruments Stock Up 0.6 %

Shares of NASDAQ:TXN traded up $1.10 during mid-day trading on Friday, reaching $194.53. 8,860,990 shares of the stock were exchanged, compared to its average volume of 4,647,702. The company has a market cap of $177.12 billion, a P/E ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. The stock’s 50 day simple moving average is $190.26 and its 200-day simple moving average is $175.28. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The business 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. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is presently 81.12%.

Texas Instruments Company 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.