Buckley Wealth Management LLC Sells 536 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Buckley Wealth Management LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,256 shares of the semiconductor company’s stock after selling 536 shares during the quarter. Texas Instruments accounts for approximately 0.8% of Buckley Wealth Management LLC’s portfolio, making the stock its 25th largest position. Buckley Wealth Management LLC’s holdings in Texas Instruments were worth $1,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Shine Investment Advisory Services Inc. increased its stake in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 279 shares during the period. Pathstone Family Office LLC increased its stake in shares of Texas Instruments by 106.0% in the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 194 shares during the period. TD Capital Management LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at $45,000. HMS Capital Management LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at $46,000. Finally, Thor Advisors LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

TXN stock traded up $2.36 during midday trading on Friday, hitting $130.09. 4,709,692 shares of the company’s stock were exchanged, compared to its average volume of 4,202,778. The stock’s fifty day moving average price is $126.45 and its 200-day moving average price is $117.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The company has a market cap of $119.25 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $131.80.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 annualized dividend and a yield of 2.77%. Texas Instruments’s payout ratio is currently 56.83%.

Several equities research analysts have recently commented on TXN shares. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 target price for the company. in a research note on Monday, August 26th. Jefferies Financial Group lifted their price objective on Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets lifted their price objective on Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $119.74.

In other Texas Instruments news, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the transaction, the chief financial officer now directly owns 94,648 shares in the company, valued at $12,116,836.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the transaction, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,251,117 shares of company stock worth $159,473,823. Corporate insiders own 0.89% of the company’s stock.

About Texas Instruments

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.

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

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