Great Lakes Advisors LLC Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Great Lakes Advisors LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 44,608 shares of the semiconductor company’s stock after acquiring an additional 219 shares during the period. Great Lakes Advisors LLC’s holdings in Texas Instruments were worth $8,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC grew its position in Texas Instruments by 41.3% during the second quarter. Los Angeles Capital Management LLC now owns 6,502 shares of the semiconductor company’s stock worth $1,265,000 after buying an additional 1,901 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Texas Instruments by 1.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 128,763 shares of the semiconductor company’s stock worth $25,048,000 after acquiring an additional 1,623 shares during the period. Commonwealth Retirement Investments LLC increased its stake in Texas Instruments by 1.0% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 14,793 shares of the semiconductor company’s stock valued at $2,878,000 after purchasing an additional 149 shares in the last quarter. Fidelity D & D Bancorp Inc. acquired a new position in Texas Instruments during the second quarter worth $220,000. Finally, Sivia Capital Partners LLC purchased a new stake in Texas Instruments during the second quarter worth $292,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TXN shares. Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Jefferies Financial Group lifted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

Texas Instruments stock opened at $197.45 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year 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 firm has a 50 day moving average price of $200.50 and a 200 day moving average price of $187.57. The company has a market cap of $180.28 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share 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 analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter last year, the business earned $1.87 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Transactions at Texas Instruments

In other 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 owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’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 transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, 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. Also, 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 value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have 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 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.