Mercer Global Advisors Inc. ADV Acquires 790 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,287 shares of the semiconductor company’s stock after acquiring an additional 790 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Texas Instruments were worth $27,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXN. Van ECK Associates Corp grew its holdings in shares of Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after purchasing an additional 1,972,304 shares during the last quarter. Capital Research Global Investors lifted its stake in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Baillie Gifford & Co. lifted its stake in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Texas Instruments by 35.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company’s stock worth $525,643,000 after acquiring an additional 809,805 shares during the period. Finally, Capital International Investors lifted its stake in Texas Instruments by 23.7% in the fourth quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock worth $630,335,000 after acquiring an additional 709,115 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last three months. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $200.71 on Thursday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The stock has a 50-day moving average of $200.60 and a 200 day moving average of $189.50. The company has a market capitalization of $183.26 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.59%. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird raised their price target on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI raised their price target on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $204.67.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.