E Fund Management Co. Ltd. Acquires 3,839 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

E Fund Management Co. Ltd. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,651 shares of the semiconductor company’s stock after buying an additional 3,839 shares during the period. E Fund Management Co. Ltd.’s holdings in Texas Instruments were worth $4,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bradley Foster & Sargent Inc. CT raised its position in shares of Texas Instruments by 19.2% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 60,588 shares of the semiconductor company’s stock worth $11,786,000 after purchasing an additional 9,763 shares during the period. Axxcess Wealth Management LLC raised its position in shares of Texas Instruments by 86.8% during the second quarter. Axxcess Wealth Management LLC now owns 18,564 shares of the semiconductor company’s stock worth $3,611,000 after purchasing an additional 8,624 shares during the period. Perennial Investment Advisors LLC acquired a new position in shares of Texas Instruments during the second quarter worth approximately $207,000. Alpha Financial Partners LLC acquired a new position in shares of Texas Instruments during the second quarter worth approximately $229,000. Finally, Excalibur Management Corp raised its position in shares of Texas Instruments by 2.7% during the second quarter. Excalibur Management Corp now owns 2,131 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 57 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Barclays increased their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI increased their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Stock Up 1.5 %

TXN stock opened at $201.39 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market capitalization of $183.36 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.26 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The stock has a fifty day moving average of $200.66 and a 200-day moving average of $189.43.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 EPS. As a group, equities research 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. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.58%. Texas Instruments’s payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

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.