Nemes Rush Group LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Nemes Rush Group LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,167 shares of the semiconductor company’s stock after selling 315 shares during the quarter. Nemes Rush Group LLC’s holdings in Texas Instruments were worth $616,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. boosted its holdings in shares of Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares in the last quarter. Prentice Wealth Management LLC increased its stake in shares of Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the period. Pure Financial Advisors LLC lifted its position in Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in Texas Instruments by 14.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. 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. Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Truist Financial reduced their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Three investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Trading Down 0.1 %

Shares of TXN stock opened at $209.14 on Friday. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The company 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 firm has a 50-day moving average price of $201.07 and a 200 day moving average price of $191.12. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.60%. Texas Instruments’s dividend payout ratio is 81.12%.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of the company’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 completion of 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 filing with the SEC, which is available at this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the 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 directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Company 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.