Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 9,538 shares of the semiconductor company’s stock after selling 144 shares during the period. Texas Instruments makes up approximately 1.8% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 28th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Texas Instruments were worth $1,855,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the first quarter worth $31,000. Norwood Financial Corp purchased a new position in shares of Texas Instruments during the first quarter worth $32,000. Finally, Fortis Group Advisors LLC lifted its position in Texas Instruments by 100.0% during the fourth 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 period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 3.4 %

Shares of TXN stock opened at $207.60 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two 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’s fifty day moving average is $200.75 and its two-hundred day moving average is $189.63. The firm has a market capitalization of $189.55 billion, a P/E ratio of 32.39, a PEG ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction 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 sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TXN shares. The Goldman Sachs Group increased their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Barclays lifted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Three investment 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.