Spire Wealth Management Sells 1,747 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Spire Wealth Management cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 30.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,900 shares of the semiconductor company’s stock after selling 1,747 shares during the quarter. Spire Wealth Management’s holdings in Texas Instruments were worth $759,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after acquiring an additional 348,528 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Texas Instruments by 18.6% during the second quarter. Sage Mountain Advisors LLC now owns 5,313 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 834 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Texas Instruments by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 239,892 shares of the semiconductor company’s stock worth $46,666,000 after acquiring an additional 6,983 shares during the last quarter. NBT Bank N A NY grew its stake in shares of Texas Instruments by 30.0% during the second quarter. NBT Bank N A NY now owns 11,981 shares of the semiconductor company’s stock worth $2,331,000 after acquiring an additional 2,763 shares during the last quarter. Finally, IFG Advisory LLC purchased a new stake in shares of Texas Instruments during the second quarter worth about $407,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 1.5 %

Shares of TXN stock opened at $214.34 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market cap of $195.70 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 4.66 and a beta of 0.99. The stock has a 50 day simple moving average of $199.51 and a 200-day simple moving average of $186.26. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

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

Texas Instruments Announces Dividend

The company 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 yield of 2.43%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent research reports. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Stifel Nicolaus upped their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group upped their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Three investment 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. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $204.67.

Insider Activity at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the company’s 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 directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by insiders.

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.