ETF Managers Group LLC Has $3.75 Million Holdings in Texas Instruments Incorporated (TXN)

ETF Managers Group LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3,559.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,665 shares of the semiconductor company’s stock after acquiring an additional 38,581 shares during the quarter. ETF Managers Group LLC’s holdings in Texas Instruments were worth $3,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Texas Instruments by 3.4% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont increased its stake in shares of Texas Instruments by 1.0% in the fourth quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after buying an additional 102 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 105 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Texas Instruments by 2.0% in the third quarter. Rehmann Capital Advisory Group now owns 5,951 shares of the semiconductor company’s stock valued at $639,000 after buying an additional 118 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its stake in shares of Texas Instruments by 5.5% in the fourth quarter. Triangle Securities Wealth Management now owns 2,465 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 129 shares in the last quarter. 84.51% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on TXN shares. Loop Capital lowered their target price on Texas Instruments to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Sanford C. Bernstein restated a “buy” rating and issued a $115.00 target price on shares of Texas Instruments in a research note on Wednesday, October 24th. Citigroup restated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 24th. Jefferies Financial Group restated a “buy” rating and issued a $137.00 target price (down from $139.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, BMO Capital Markets restated a “buy” rating and issued a $120.00 target price on shares of Texas Instruments in a research note on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $108.74.

In related news, VP Haren Julie Van sold 3,953 shares of Texas Instruments stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $101.88, for a total value of $402,731.64. Following the completion of the sale, the vice president now directly owns 30,523 shares in the company, valued at $3,109,683.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pamela H. Patsley sold 7,000 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $106.20, for a total value of $743,400.00. Following the transaction, the director now owns 37,160 shares of the company’s stock, valued at $3,946,392. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,295 shares of company stock valued at $16,651,930. Corporate insiders own 0.84% of the company’s stock.

Shares of TXN stock opened at $104.55 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The stock has a market capitalization of $99.76 billion, a P/E ratio of 19.29, a PEG ratio of 1.97 and a beta of 1.17. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $118.48.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Investors of record on Thursday, January 31st will be given a $0.77 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.95%. Texas Instruments’s payout ratio is 56.83%.

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Texas Instruments Company Profile

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.

Further Reading: Growth Stocks

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

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