Texas Instruments Incorporated $TXN Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% in the second quarter, HoldingsChannel.com reports. The fund owned 1,965 shares of the semiconductor company’s stock after selling 290 shares during the quarter. Journey Advisory Group LLC’s holdings in Texas Instruments were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Nuveen LLC acquired a new position in Texas Instruments in the first quarter valued at $711,387,000. Price T Rowe Associates Inc. MD boosted its position in shares of Texas Instruments by 20.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after buying an additional 2,257,086 shares during the period. Jennison Associates LLC boosted its position in shares of Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after buying an additional 2,140,605 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Texas Instruments by 117.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock valued at $726,768,000 after purchasing an additional 1,888,354 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after purchasing an additional 1,731,411 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TXN. The Goldman Sachs Group began coverage on Texas Instruments in a report on Thursday, July 10th. They set a “buy” rating and a $255.00 target price on the stock. Arete began coverage on Texas Instruments in a research report on Thursday, June 26th. They issued a “neutral” rating and a $203.80 target price on the stock. Morgan Stanley lowered their target price on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating on the stock in a research report on Friday, September 12th. Citigroup reduced their price objective on Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Finally, Cowen reissued a “hold” rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $209.47.

Insiders Place Their Bets

In related news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares in the company, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Texas Instruments Trading Up 1.7%

Texas Instruments stock opened at $179.59 on Tuesday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market capitalization of $163.27 billion, a PE ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01. The business’s 50-day simple moving average is $187.17 and its 200-day simple moving average is $185.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is presently 99.63%.

About Texas Instruments

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.