Mastrapasqua Asset Management Inc. Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Mastrapasqua Asset Management Inc. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 42.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 8,688 shares of the semiconductor company’s stock after acquiring an additional 2,590 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Texas Instruments were worth $1,594,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its position in Texas Instruments by 1.2% in the fourth quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company’s stock worth $13,906,299,000 after acquiring an additional 885,939 shares during the period. State Street Corp grew its position in Texas Instruments by 2.9% in the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock worth $7,582,073,000 after acquiring an additional 1,146,109 shares during the period. Geode Capital Management LLC grew its position in Texas Instruments by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 17,910,932 shares of the semiconductor company’s stock worth $3,368,472,000 after acquiring an additional 708,848 shares during the period. Charles Schwab Investment Management Inc. grew its position in Texas Instruments by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,859,029 shares of the semiconductor company’s stock worth $2,423,543,000 after acquiring an additional 138,933 shares during the period. Finally, Norges Bank purchased a new position in Texas Instruments in the fourth quarter worth approximately $1,534,890,000. Institutional investors own 83.96% of the company’s stock.

Texas Instruments stock opened at $148.54 on Friday. Texas Instruments Incorporated has a 1-year low of $147.02 and a 1-year high of $202.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73. The stock has a market cap of $136.97 billion, a PE ratio of 17.00, a P/E/G ratio of 1.91 and a beta of 0.94. The stock’s fifty day moving average is $165.13 and its two-hundred day moving average is $173.60.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.18. The company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. Texas Instruments’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $1.87 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Monday, May 9th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Friday, May 6th. Texas Instruments’s payout ratio is 52.63%.

In related news, Director Robert E. Sanchez sold 12,299 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the transaction, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Hagop H. Kozanian sold 5,904 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the transaction, the vice president now directly owns 44,885 shares in the company, valued at approximately $7,640,773.55. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

A number of research analysts have commented on the company. Credit Suisse Group decreased their price target on Texas Instruments from $200.00 to $195.00 in a research note on Wednesday, April 27th. Barclays decreased their price target on Texas Instruments from $170.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 27th. Benchmark assumed coverage on Texas Instruments in a research note on Wednesday. They set a “buy” rating and a $205.00 price target on the stock. Citigroup decreased their price target on Texas Instruments from $187.00 to $160.00 in a research note on Wednesday, April 27th. Finally, Mizuho decreased their price target on Texas Instruments from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $191.58.

About Texas Instruments (Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

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

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