Legacy Financial Advisors Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Financial Advisors Inc. raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the 2nd quarter, Holdings Channel reports. The fund owned 8,951 shares of the semiconductor company’s stock after purchasing an additional 72 shares during the period. Legacy Financial Advisors Inc.’s holdings in Texas Instruments were worth $1,741,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TXN. Nordea Investment Management AB grew its position in 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 valued at $175,538,000 after acquiring an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after buying an additional 636,013 shares during the period. 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 buying an additional 205,676 shares during the period. Clear Rock Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth $1,984,000. Finally, KBC Group NV lifted its holdings in shares of Texas Instruments by 65.0% in the 4th quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock worth $120,444,000 after buying an additional 278,396 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Three 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Insider Activity at Texas Instruments

In related 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 directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, 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 sold 15,558 shares of company stock worth $3,255,323 over the last three months. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $203.30 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The business has a fifty day moving average of $200.78 and a 200 day moving average of $189.84. The firm has a market capitalization of $185.62 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its 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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue was down 15.6% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current 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 issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

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.