Midland Wealth Advisors LLC Has $1.04 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Midland Wealth Advisors LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,338 shares of the semiconductor company’s stock after selling 505 shares during the period. Midland Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $1,649,592,000. Van ECK Associates Corp lifted its stake in Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Baillie Gifford & Co. increased its position in shares of Texas Instruments by 65.8% during the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after acquiring an additional 1,154,513 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 24,112 shares of the company’s stock, 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. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXN shares. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, August 21st. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Barclays boosted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Trading Down 4.2 %

NASDAQ TXN traded down $8.94 during trading hours on Tuesday, reaching $205.40. The company’s stock had a trading volume of 1,000,991 shares, compared to its average volume of 5,510,587. The firm has a fifty day simple moving average of $199.92 and a 200-day simple moving average of $186.63. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a market cap of $187.54 billion, a P/E ratio of 33.44, a P/E/G ratio of 4.66 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.