Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100 shares of the semiconductor company’s stock after selling 312 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Texas Instruments were worth $214,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at $31,000. Finally, Westend Capital Management LLC acquired a new stake in Texas Instruments in the first quarter valued at $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. KeyCorp raised 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. Truist Financial lifted their price target on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Evercore ISI lifted their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company assumed coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Performance

TXN stock traded down $1.51 during trading on Monday, reaching $199.02. 1,065,939 shares of the company’s stock were exchanged, compared to its average volume of 5,494,854. 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 Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The company’s fifty day moving average price is $197.16 and its 200-day moving average price is $182.85. The firm has a market cap of $181.20 billion, a PE ratio of 30.93, a P/E/G ratio of 4.25 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during 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%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. Texas Instruments’s payout ratio is 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.