Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,202 shares of the semiconductor company’s stock after selling 23,296 shares during the period. 1832 Asset Management L.P.’s holdings in Texas Instruments were worth $60,344,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TXN. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter worth approximately $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC grew 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 worth $33,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $203.30 on Monday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $185.10 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a 50 day moving average price of $200.78 and a two-hundred day moving average price of $190.11. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Robert W. Baird lifted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. KeyCorp lifted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.