Concurrent Investment Advisors LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Concurrent Investment Advisors LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,895 shares of the semiconductor company’s stock after buying an additional 2,176 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Texas Instruments were worth $3,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TXN. Essex Financial Services Inc. grew its position in shares of Texas Instruments by 16.5% in the fourth quarter. Essex Financial Services Inc. now owns 1,731 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 245 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in Texas Instruments by 26.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,678 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 347 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Texas Instruments by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 214,321 shares of the semiconductor company’s stock worth $36,533,000 after buying an additional 5,968 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Texas Instruments by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 214,777 shares of the semiconductor company’s stock worth $36,611,000 after buying an additional 959 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Texas Instruments by 1.2% in the fourth quarter. Benjamin Edwards Inc. now owns 7,779 shares of the semiconductor company’s stock valued at $1,326,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.5 %

TXN traded up $3.25 on Friday, hitting $214.34. The company had a trading volume of 5,861,054 shares, compared to its average volume of 5,537,430. The company’s fifty day moving average price is $199.51 and its 200 day moving average price is $185.85. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market cap of $195.15 billion, a P/E ratio of 33.44, a PEG ratio of 4.53 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly 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 business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

Several brokerages recently commented on TXN. Stifel Nicolaus boosted their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Barclays upped their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $204.67.

Insider Activity

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $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 business’s stock in a transaction 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

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.