Stephens Consulting LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Stephens Consulting LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,289 shares of the semiconductor company’s stock after selling 61 shares during the period. Stephens Consulting LLC’s holdings in Texas Instruments were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the last quarter. Capital Research Global Investors raised its position in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Legal & General Group Plc lifted its stake in Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after acquiring an additional 64,067 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Texas Instruments by 6.2% in the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after acquiring an additional 348,528 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in shares of Texas Instruments by 2.5% in the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after acquiring an additional 104,806 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’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 completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 over the last three months. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of Texas Instruments stock opened at $198.47 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. 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 $180.70 billion, a PE ratio of 30.96, a P/E/G ratio of 4.54 and a beta of 0.98. The firm’s 50-day moving average price is $203.30 and its 200 day moving average price is $194.39.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the business posted $1.87 earnings per share. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio is presently 84.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Cantor Fitzgerald lowered their target price on Texas Instruments from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $207.15.

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.