Osher Van de Voorde Investment Management Sells 510 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Osher Van de Voorde Investment Management decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 93,972 shares of the semiconductor company’s stock after selling 510 shares during the quarter. Texas Instruments comprises about 4.2% of Osher Van de Voorde Investment Management’s investment portfolio, making the stock its 10th biggest holding. Osher Van de Voorde Investment Management’s holdings in Texas Instruments were worth $19,412,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $26,000. Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the 1st quarter worth approximately $31,000. Norwood Financial Corp purchased a new stake in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC boosted its stake in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 98 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s 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 directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. 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 ninety days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TXN. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Truist Financial decreased their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Jefferies Financial Group boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Barclays boosted their price target on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $204.19.

Texas Instruments Stock Up 0.5 %

Shares of NASDAQ TXN opened at $202.21 on Wednesday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The firm has a fifty day moving average of $201.37 and a 200-day moving average of $192.84. The stock has a market capitalization of $184.11 billion, a PE ratio of 31.55, a P/E/G ratio of 4.41 and a beta of 0.98. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating 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 company 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. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s payout ratio is currently 84.87%.

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.