Verity & Verity LLC Has $17.63 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Verity & Verity LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 90,609 shares of the semiconductor company’s stock after purchasing an additional 2,895 shares during the period. Texas Instruments accounts for 2.0% of Verity & Verity LLC’s holdings, making the stock its 13th biggest position. Verity & Verity LLC’s holdings in Texas Instruments were worth $17,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV boosted its holdings in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. boosted its stake in shares of Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 54 shares during the period. Prentice Wealth Management LLC grew its holdings in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after acquiring an additional 55 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Texas Instruments by 14.1% during the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 55 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $201.60 on Wednesday. The stock has a market capitalization of $183.55 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 4.55 and a beta of 0.99. The firm’s 50-day moving average price is $201.15 and its two-hundred day moving average price is $191.71. 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 Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during 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 was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. Texas Instruments’s payout ratio is 84.87%.

Insider Activity at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly 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. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on TXN shares. Jefferies Financial Group boosted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Evercore ISI boosted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird increased their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average 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.