Jensen Investment Management Inc. Sells 56,385 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Jensen Investment Management Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,826 shares of the semiconductor company’s stock after selling 56,385 shares during the quarter. Texas Instruments accounts for approximately 3.5% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Jensen Investment Management Inc. owned 0.24% of Texas Instruments worth $422,874,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TXN. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. raised its position in Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 54 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares during the period. Pure Financial Advisors LLC grew its position in shares of Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after buying an additional 55 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in shares of Texas Instruments by 0.5% in the second quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock worth $2,114,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ TXN traded down $0.78 during mid-day trading on Friday, reaching $200.77. 1,023,600 shares of the company’s stock traded hands, compared to its average volume of 5,519,498. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The business has a 50-day simple moving average of $200.44 and a 200 day simple moving average of $187.14. The stock has a market cap of $182.80 billion, a P/E ratio of 31.44, a PEG ratio of 4.66 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

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 during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $33,233,101.44. 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.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Truist Financial cut their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $204.67.

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.