Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,491 shares of the semiconductor company’s stock after purchasing an additional 576 shares during the quarter. EP Wealth Advisors LLC’s holdings in Texas Instruments were worth $4,181,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TXN shares. KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Susquehanna increased their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Stock Down 1.2 %

TXN stock opened at $206.57 on Tuesday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The firm has a market cap of $188.08 billion, a PE ratio of 32.23, a PEG ratio of 4.55 and a beta of 0.99. The firm’s 50 day moving average price is $201.09 and its 200-day moving average price is $191.50. 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 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. The company had revenue of $3.82 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

Insider Transactions at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. 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. 0.68% of the stock is currently owned by insiders.

Texas Instruments 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.