Roffman Miller Associates Inc. PA Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Roffman Miller Associates Inc. PA increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,036 shares of the semiconductor company’s stock after buying an additional 8,016 shares during the period. Texas Instruments comprises approximately 2.9% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 11th largest position. Roffman Miller Associates Inc. PA’s holdings in Texas Instruments were worth $21,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TXN. LS Investment Advisors LLC raised its position in shares of Texas Instruments by 0.9% in the second quarter. LS Investment Advisors LLC now owns 21,044 shares of the semiconductor company’s stock valued at $1,619,000 after buying an additional 190 shares during the period. Marathon Asset Management LLP increased its stake in shares of Texas Instruments by 10.0% in the second quarter. Marathon Asset Management LLP now owns 1,168,215 shares of the semiconductor company’s stock valued at $89,865,000 after buying an additional 106,234 shares during the period. TNB Financial increased its stake in shares of Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 14 shares during the period. Exane Derivatives increased its stake in shares of Texas Instruments by 9.3% in the second quarter. Exane Derivatives now owns 4,692 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 401 shares during the period. Finally, BerganKDV Wealth Management LLC increased its stake in shares of Texas Instruments by 1.3% in the second quarter. BerganKDV Wealth Management LLC now owns 7,852 shares of the semiconductor company’s stock valued at $604,000 after buying an additional 104 shares during the period. 84.71% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.22% on Friday, hitting $79.97. The stock had a trading volume of 3,626,698 shares. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The firm has a market capitalization of $79.17 billion, a price-to-earnings ratio of 20.00 and a beta of 1.21. The stock’s 50-day moving average is $80.72 and its 200 day moving average is $79.77.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.

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A number of brokerages have issued reports on TXN. Drexel Hamilton restated a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 26th. Royal Bank Of Canada upped their price target on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Instinet reissued a “neutral” rating and set a $75.00 price objective (up previously from $70.00) on shares of Texas Instruments in a report on Saturday, April 29th. UBS AG reaffirmed a “buy” rating and issued a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $84.00 price target (up previously from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $85.96.

In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the transaction, the director now directly owns 27,565 shares in the company, valued at $2,245,996.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,301 shares of company stock worth $17,259,256. Company insiders own 0.96% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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

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