Sepio Capital LP Has $4.64 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sepio Capital LP decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,828 shares of the semiconductor company’s stock after selling 3,433 shares during the quarter. Sepio Capital LP’s holdings in Texas Instruments were worth $4,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Gryphon Financial Partners LLC lifted its holdings in Texas Instruments by 48.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 1,870 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Texas Instruments during the 4th quarter valued at about $990,000. Gold Investment Management Ltd. acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $95,000. Dorsey & Whitney Trust CO LLC grew its position in shares of Texas Instruments by 22.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 21,093 shares of the semiconductor company’s stock valued at $3,596,000 after purchasing an additional 3,835 shares during the period. Finally, Bank of Nova Scotia increased its stake in Texas Instruments by 184.4% during the 4th quarter. Bank of Nova Scotia now owns 435,502 shares of the semiconductor company’s stock worth $74,233,000 after purchasing an additional 282,386 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on 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 owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of the company’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 owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Down 0.1 %

TXN stock opened at $209.14 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 current ratio of 4.62 and a quick ratio of 3.49. The stock has a market capitalization of $190.96 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 4.46 and a beta of 0.99. The business’s fifty day moving average price is $201.07 and its two-hundred day moving average price is $191.01.

Texas Instruments (NASDAQ:TXN) last posted 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 net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXN. Evercore ISI upped their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Barclays lifted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.