Diamond Hill Capital Management Inc. Has $609.29 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Diamond Hill Capital Management Inc. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,132,133 shares of the semiconductor company’s stock after acquiring an additional 218,391 shares during the period. Texas Instruments comprises about 2.6% of Diamond Hill Capital Management Inc.’s holdings, making the stock its 5th largest holding. Diamond Hill Capital Management Inc.’s holdings in Texas Instruments were worth $609,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXN. Seven Mile Advisory raised its position in Texas Instruments by 13.3% during the 2nd quarter. Seven Mile Advisory now owns 2,421 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 285 shares during the last quarter. Williams Financial LLC purchased a new position in shares of Texas Instruments during the 2nd quarter worth approximately $472,000. Guardian Wealth Management Inc. grew its holdings in shares of Texas Instruments by 1.1% during the 2nd quarter. Guardian Wealth Management Inc. now owns 11,337 shares of the semiconductor company’s stock worth $2,205,000 after acquiring an additional 124 shares during the period. OV Management LLC grew its holdings in shares of Texas Instruments by 1.2% during the 2nd quarter. OV Management LLC now owns 17,063 shares of the semiconductor company’s stock worth $3,319,000 after acquiring an additional 210 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Texas Instruments by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,756,505 shares of the semiconductor company’s stock worth $341,693,000 after acquiring an additional 37,530 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TXN. Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Barclays upped their price target 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. Morgan Stanley upped their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $199.93 on Friday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The stock’s fifty day moving average is $200.69 and its 200 day moving average is $188.81. The stock has a market cap of $182.55 billion, a P/E ratio of 31.19, a P/E/G ratio of 4.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 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 company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the firm earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors 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 yield of 2.60%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was 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 owns 28,894 shares in the company, valued at approximately $6,035,956.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’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 transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

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.