Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Aprio Wealth Management LLC

Aprio Wealth Management LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,817 shares of the semiconductor company’s stock after selling 63 shares during the period. Aprio Wealth Management LLC’s holdings in Texas Instruments were worth $375,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ raised its position in shares of Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after buying an additional 9,608 shares during the period. Nordea Investment Management AB raised its position 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 buying an additional 145,328 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position 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 buying an additional 65,512 shares during the period. Advisors Capital Management LLC raised its position 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 buying an additional 205,676 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after buying an additional 1,029,741 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.5 %

NASDAQ:TXN opened at $202.21 on Wednesday. The company has a market capitalization of $184.11 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The stock has a 50-day simple moving average of $201.35 and a 200 day simple moving average of $192.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. Sell-side analysts predict 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 represents a $5.44 dividend on an annualized basis and a yield of 2.69%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 84.87%.

Insider Buying and Selling

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Barclays raised their price objective on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.19.

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.