Capital Market Strategies LLC Sells 54 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Capital Market Strategies LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,815 shares of the semiconductor company’s stock after selling 54 shares during the quarter. Capital Market Strategies LLC’s holdings in Texas Instruments were worth $375,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its position in Texas Instruments by 4.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after purchasing an additional 9,608 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after acquiring an additional 145,328 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after acquiring an additional 65,512 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after acquiring an additional 205,676 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $10,370,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.67 on Friday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The stock has a market cap of $183.62 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99. 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 company’s fifty day moving average price is $201.35 and its 200-day moving average price is $191.86.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 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 for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 EPS. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS 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. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. Texas Instruments’s payout ratio is presently 84.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Morgan Stanley boosted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Jefferies Financial Group lifted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, KeyCorp lifted their target price 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $204.67.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s 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 transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have 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.

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.