Texas Instruments Incorporated $TXN Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,438 shares of the semiconductor company’s stock after selling 102 shares during the period. International Assets Investment Management LLC’s holdings in Texas Instruments were worth $714,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter valued at about $28,000. Dagco Inc. purchased a new position in shares of Texas Instruments in the first quarter valued at approximately $32,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Texas Instruments in the first quarter valued at approximately $42,000. Finally, Peoples Financial Services CORP. purchased a new position in shares of Texas Instruments in the second quarter valued at approximately $42,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.7%

Shares of Texas Instruments stock opened at $179.59 on Tuesday. The company has a market capitalization of $163.27 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.99 and a beta of 1.01. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a 50 day moving average of $187.17 and a 200 day moving average of $185.96.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is presently 99.63%.

Analyst Ratings Changes

Several research firms have recently commented on TXN. TD Cowen lowered their price objective on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. BNP Paribas raised shares of Texas Instruments to a “strong sell” rating in a research note on Wednesday, July 23rd. Truist Financial raised their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the company a “hold” rating in a research note on Wednesday, July 23rd. Arete Research raised shares of Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Finally, Morgan Stanley decreased their price target on shares of Texas Instruments from $197.00 to $192.00 and set an “underweight” rating for the company in a research note on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $209.47.

Insider Buying and Selling at Texas Instruments

In other news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

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.