FineMark Nationwide Financial institution & Belief decreased its place in Texas Devices Integrated (NASDAQ:TXN – Free Report) by 25.1% in the course of the 2nd quarter, in line with its most up-to-date disclosure with the SEC. The fund owned 8,015 shares of the semiconductor firm’s inventory after promoting 2,683 shares in the course of the interval. FineMark Nationwide Financial institution & Belief’s holdings in Texas Devices had been price $1,559,000 on the finish of the latest reporting interval.
Different hedge funds have additionally made adjustments to their positions within the firm. Funding Advisory Companies Inc. TX ADV raised its place in shares of Texas Devices by 1.6% in the course of the 2nd quarter. Funding Advisory Companies Inc. TX ADV now owns 3,145 shares of the semiconductor firm’s inventory price $612,000 after buying an extra 51 shares over the past quarter. Verity Asset Administration Inc. raised its holdings in shares of Texas Devices by 1.1% within the first quarter. Verity Asset Administration Inc. now owns 4,841 shares of the semiconductor firm’s inventory price $843,000 after buying an extra 54 shares over the past quarter. Prentice Wealth Administration LLC lifted its place in shares of Texas Devices by 2.1% within the second quarter. Prentice Wealth Administration LLC now owns 2,651 shares of the semiconductor firm’s inventory valued at $516,000 after buying an extra 55 shares within the final quarter. Pure Monetary Advisors LLC boosted its stake in shares of Texas Devices by 2.5% in the course of the second quarter. Pure Monetary Advisors LLC now owns 2,228 shares of the semiconductor firm’s inventory valued at $433,000 after buying an extra 55 shares over the past quarter. Lastly, Dakota Wealth Administration elevated its place in Texas Devices by 0.5% in the course of the 2nd quarter. Dakota Wealth Administration now owns 10,869 shares of the semiconductor firm’s inventory price $2,114,000 after buying an extra 56 shares within the final quarter. Hedge funds and different institutional traders personal 84.99% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of analysis companies have issued experiences on TXN. Stifel Nicolaus raised their worth goal on shares of Texas Devices from $172.00 to $200.00 and gave the inventory a “maintain” ranking in a analysis observe on Thursday, July 18th. Barclays lifted their goal worth on shares of Texas Devices from $190.00 to $210.00 and gave the inventory an “equal weight” ranking in a analysis observe on Wednesday, July twenty fourth. Morgan Stanley elevated their worth goal on Texas Devices from $150.00 to $156.00 and gave the inventory an “underweight” ranking in a analysis observe on Thursday, July eleventh. Benchmark reaffirmed a “purchase” ranking and issued a $230.00 worth goal on shares of Texas Devices in a analysis report on Wednesday, July twenty fourth. Lastly, Susquehanna elevated their goal worth on Texas Devices from $205.00 to $250.00 and gave the inventory a “optimistic” ranking in a analysis report on Wednesday, July seventeenth. Three analysts have rated the inventory with a promote ranking, eleven have given a maintain ranking and eight have given a purchase ranking to the inventory. In accordance with MarketBeat, the inventory presently has a median ranking of “Maintain” and a consensus worth goal of $204.67.
Learn Our Newest Evaluation on Texas Devices
Insider Exercise
In associated information, VP Mohammad Yunus bought 3,778 shares of Texas Devices inventory in a transaction on Monday, August twenty sixth. The shares had been bought at a median worth of $208.90, for a complete transaction of $789,224.20. Following the sale, the vice chairman now owns 28,894 shares of the corporate’s inventory, valued at roughly $6,035,956.60. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. In different information, CEO Haviv Ilan bought 1,200 shares of the agency’s inventory in a transaction that occurred on Monday, August twenty sixth. The shares had been bought at a median worth of $209.44, for a complete transaction of $251,328.00. Following the completion of the sale, the chief govt officer now owns 158,676 shares of the corporate’s inventory, valued at $33,233,101.44. The transaction was disclosed in a submitting with the Securities & Change Fee, which will be accessed by means of this hyperlink. Additionally, VP Mohammad Yunus bought 3,778 shares of the corporate’s inventory in a transaction on Monday, August twenty sixth. The shares had been bought at a median worth of $208.90, for a complete transaction of $789,224.20. Following the completion of the sale, the vice chairman now straight owns 28,894 shares within the firm, valued at $6,035,956.60. The disclosure for this sale will be discovered right here. Over the past three months, insiders bought 15,558 shares of firm inventory price $3,255,323. 0.68% of the inventory is presently owned by firm insiders.
Texas Devices Inventory Down 1.2 %
Shares of NASDAQ TXN opened at $201.55 on Friday. The inventory has a fifty day shifting common worth of $200.44 and a 200 day shifting common worth of $187.14. The corporate has a present ratio of 4.62, a fast ratio of three.49 and a debt-to-equity ratio of 0.75. Texas Devices Integrated has a 12-month low of $139.48 and a 12-month excessive of $214.66. The corporate has a market cap of $183.51 billion, a P/E ratio of 31.44, a P/E/G ratio of 4.66 and a beta of 0.99.
Texas Devices (NASDAQ:TXN – Get Free Report) final posted its earnings outcomes on Tuesday, July twenty third. The semiconductor firm reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The enterprise had income of $3.82 billion in the course of the quarter, in comparison with analyst estimates of $3.82 billion. Texas Devices had a return on fairness of 31.10% and a internet margin of 33.01%. The corporate’s income for the quarter was down 15.6% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the agency earned $1.87 earnings per share. Analysis analysts anticipate that Texas Devices Integrated will publish 5.11 EPS for the present fiscal 12 months.
Texas Devices Proclaims Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Tuesday, August thirteenth. Stockholders of file on Wednesday, July thirty first got a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July thirty first. This represents a $5.20 dividend on an annualized foundation and a dividend yield of two.58%. Texas Devices’s payout ratio is presently 81.12%.
About Texas Devices
Texas Devices Integrated designs, manufactures, and sells semiconductors to electronics designers and producers in the US and internationally. The corporate operates by means of Analog and Embedded Processing segments. The Analog phase provides energy merchandise to handle energy necessities throughout varied voltage ranges, together with battery-management options, DC/DC switching regulators, AC/DC and remoted controllers and converters, energy switches, linear regulators, voltage references, and lighting merchandise.
See Additionally
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