Blair William & Co. IL Sells 16,883 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Blair William & Co. IL lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% during the second quarter, Holdings Channel.com reports. The fund owned 239,541 shares of the semiconductor company’s stock after selling 16,883 shares during the period. Blair William & Co. IL’s holdings in Texas Instruments were worth $46,598,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at $31,000. Norwood Financial Corp bought a new position in shares of Texas Instruments in the 1st quarter valued at $32,000. Finally, Fortis Group Advisors LLC increased its stake in shares of Texas Instruments by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.3 %

Shares of NASDAQ:TXN opened at $200.71 on Thursday. The company has a market capitalization of $183.26 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 4.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The business’s 50-day moving average is $200.60 and its 200-day moving average is $189.50. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TXN shares. Morgan Stanley boosted their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 have sold 15,558 shares of company stock valued at $3,255,323 in the last ninety days. 0.68% of the stock is owned by company insiders.

Texas Instruments Company Profile

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.