Graypoint LLC Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Graypoint LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,669 shares of the semiconductor company’s stock after selling 1,083 shares during the period. Graypoint LLC’s holdings in Texas Instruments were worth $5,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXN. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments during the fourth quarter valued at about $31,000. Westend Capital Management LLC bought a new position in Texas Instruments in the first quarter worth about $31,000. Finally, Norwood Financial Corp purchased a new stake in Texas Instruments in the first quarter worth about $32,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target 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. JPMorgan Chase & Co. upped their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, Susquehanna lifted 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. Three equities 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Price Performance

Shares of TXN traded up $3.25 during mid-day trading on Friday, hitting $214.34. 5,861,054 shares of the stock were exchanged, compared to its average volume of 5,537,430. The firm has a 50-day moving average of $199.51 and a two-hundred day moving average of $185.85. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market cap of $195.15 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 4.53 and a beta of 0.99.

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, 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 net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued 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 dividend yield of 2.43%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Transactions at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now 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 Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Company 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.