Bontempo Ohly Capital Mgmt LLC Sells 146 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bontempo Ohly Capital Mgmt LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,168 shares of the semiconductor company’s stock after selling 146 shares during the quarter. Texas Instruments makes up approximately 2.4% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 4th biggest holding. Bontempo Ohly Capital Mgmt LLC’s holdings in Texas Instruments were worth $4,701,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.1 %

NASDAQ TXN opened at $209.14 on Friday. The stock has a market capitalization of $190.96 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 4.46 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock has a fifty day moving average of $201.07 and a 200-day moving average of $191.12.

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

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TXN shares. Morgan Stanley upped their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Susquehanna raised their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Jefferies Financial Group upped their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Evercore ISI upped their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $204.67.

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.