Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Oakview Capital Management L.P.

Oakview Capital Management L.P. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 57.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,764 shares of the semiconductor company’s stock after selling 18,406 shares during the quarter. Texas Instruments makes up about 8.4% of Oakview Capital Management L.P.’s holdings, making the stock its 5th largest holding. Oakview Capital Management L.P.’s holdings in Texas Instruments were worth $2,678,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts have issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, August 21st. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” 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 issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $204.67.

Insider Activity

In other news, 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 sale, 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 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 dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’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 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 approximately $2,473,238.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.1 %

NASDAQ TXN opened at $209.14 on Friday. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The stock has a market cap of $190.96 billion, a PE ratio of 32.63, a PEG ratio of 4.46 and a beta of 0.99. The firm has a 50-day simple moving average of $201.07 and a 200 day simple moving average of $191.01. 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 announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm 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 $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 dividend yield of 2.60%. Texas Instruments’s dividend payout ratio is currently 81.12%.

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.