Evergreen Capital Management LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Evergreen Capital Management LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,204 shares of the semiconductor company’s stock after acquiring an additional 2,299 shares during the period. Evergreen Capital Management LLC’s holdings in Texas Instruments were worth $1,790,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its position in shares of Texas Instruments by 74.0% in the second quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company’s stock valued at $6,810,000 after acquiring an additional 14,888 shares during the period. DRW Securities LLC lifted its stake in Texas Instruments by 303.1% in the 2nd quarter. DRW Securities LLC now owns 6,950 shares of the semiconductor company’s stock worth $1,352,000 after purchasing an additional 5,226 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Texas Instruments in the 2nd quarter worth approximately $126,000. Gabelli Funds LLC boosted its holdings in Texas Instruments by 1.4% in the 2nd quarter. Gabelli Funds LLC now owns 339,220 shares of the semiconductor company’s stock valued at $65,988,000 after purchasing an additional 4,545 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Texas Instruments during the 2nd quarter valued at $375,000. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, 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 through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 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 is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction 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 owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last quarter. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.5 %

TXN opened at $204.94 on Wednesday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $200.79 and its 200-day moving average price is $190.54. The company has a market cap of $187.12 billion, a P/E ratio of 31.97, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for 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 business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXN. Evercore ISI increased their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Barclays raised their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $204.67.

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.