Fiduciary Group LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Fiduciary Group LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,661 shares of the semiconductor company’s stock after selling 675 shares during the quarter. Fiduciary Group LLC’s holdings in Texas Instruments were worth $5,575,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TXN. Pinkerton Retirement Specialists LLC lifted its position in shares of Texas Instruments by 6.1% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 22,908 shares of the semiconductor company’s stock worth $4,456,000 after purchasing an additional 1,322 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Texas Instruments by 5.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 46,837 shares of the semiconductor company’s stock worth $9,111,000 after acquiring an additional 2,431 shares in the last quarter. TradeLink Capital LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at about $253,000. Meeder Advisory Services Inc. raised its position in shares of Texas Instruments by 24.1% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,409 shares of the semiconductor company’s stock worth $2,414,000 after acquiring an additional 2,408 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Texas Instruments by 15.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,287,250 shares of the semiconductor company’s stock worth $250,053,000 after purchasing an additional 173,228 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Barclays boosted their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $204.67.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a filing with the SEC, which is available at this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments 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 transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $199.93 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average is $200.69 and its two-hundred day moving average is $188.65. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The firm has a market capitalization of $182.55 billion, a PE ratio of 31.19, a P/E/G ratio of 4.40 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, 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 quarter in the prior year, the company posted $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 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.