Pine Valley Investments Ltd Liability Co Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Pine Valley Investments Ltd Liability Co lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,402 shares of the semiconductor company’s stock after buying an additional 167 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Texas Instruments were worth $3,580,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Silver Oak Securities Incorporated acquired a new stake in Texas Instruments in the 4th quarter worth approximately $222,000. First National Advisers LLC lifted its holdings in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after buying an additional 2,059 shares during the period. Nordea Investment Management AB lifted its holdings in Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after buying an additional 636,013 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its stake in shares of Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after acquiring an additional 205,676 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TXN shares. Evercore ISI lifted their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley boosted their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Truist Financial reduced their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities raised their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Stock Up 1.5 %

Shares of NASDAQ TXN traded up $3.25 during mid-day trading on Friday, hitting $214.34. The company had a trading volume of 5,861,054 shares, compared to its average volume of 5,537,430. The company has a market capitalization of $195.15 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 4.53 and a beta of 0.99. The business’s 50-day simple moving average is $199.51 and its 200 day simple moving average is $185.85. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

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.