Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,145 shares of the semiconductor company’s stock after purchasing an additional 1,075 shares during the quarter. Ballentine Partners LLC’s holdings in Texas Instruments were worth $4,113,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TXN. Norges Bank bought a new position in Texas Instruments during the 4th quarter worth approximately $1,649,592,000. Van ECK Associates Corp raised its position in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after acquiring an additional 1,972,304 shares in the last quarter. Capital Research Global Investors lifted its stake in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after purchasing an additional 1,181,841 shares during the period. Finally, Franklin Resources Inc. increased its stake in Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Rosenblatt Securities raised their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company assumed coverage on Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price for the company. Evercore ISI raised their price target on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, Barclays upped their price objective on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Price Performance

Shares of TXN stock traded down $4.10 during mid-day trading on Friday, hitting $197.45. 6,314,390 shares of the stock traded hands, compared to its average volume of 5,550,251. 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 firm has a market cap of $179.77 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The company’s 50-day simple moving average is $200.50 and its 200-day simple moving average is $187.57. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In other news, 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 sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.