Founders Financial Alliance LLC Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Founders Financial Alliance LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,589 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Founders Financial Alliance LLC’s holdings in Texas Instruments were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Capital Research Global Investors lifted its holdings in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the period. Baillie Gifford & Co. lifted its holdings in Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after buying an additional 1,181,841 shares during the period. Capital International Investors lifted its holdings in Texas Instruments by 23.7% in the 4th quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock worth $630,335,000 after buying an additional 709,115 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after purchasing an additional 636,013 shares during the period. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TXN. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Stifel Nicolaus lifted their target price 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, Evercore ISI lifted their price objective on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $204.67.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a legal filing 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 shares were 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 of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by insiders.

Texas Instruments Trading Down 1.2 %

Shares of TXN stock opened at $206.57 on Tuesday. 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 current ratio of 4.62 and a quick ratio of 3.49. The stock’s 50 day simple moving average is $201.09 and its two-hundred day simple moving average is $191.50. The company has a market cap of $188.08 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued 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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business posted $1.87 earnings per share. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a boost 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 2.63%. Texas Instruments’s dividend payout ratio is currently 84.87%.

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.