Blair William & Co. IL Has $46.60 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Blair William & Co. IL decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,541 shares of the semiconductor company’s stock after selling 16,883 shares during the quarter. Blair William & Co. IL’s holdings in Texas Instruments were worth $46,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Texas Instruments by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 90,156 shares of the semiconductor company’s stock worth $17,529,000 after acquiring an additional 9,904 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Texas Instruments by 1.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 106,263 shares of the semiconductor company’s stock worth $20,671,000 after acquiring an additional 1,034 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Texas Instruments by 0.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 143,287 shares of the semiconductor company’s stock worth $27,874,000 after acquiring an additional 790 shares in the last quarter. Meridian Wealth Partners LLC increased its holdings in shares of Texas Instruments by 1.6% in the second quarter. Meridian Wealth Partners LLC now owns 6,815 shares of the semiconductor company’s stock worth $1,326,000 after acquiring an additional 106 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its holdings in shares of Texas Instruments by 20.4% in the second quarter. E Fund Management Co. Ltd. now owns 22,651 shares of the semiconductor company’s stock worth $4,406,000 after acquiring an additional 3,839 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. 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. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $200.71 on Thursday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The stock has a market cap of $183.26 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99. The business has a 50 day moving average of $200.60 and a 200-day moving average of $189.50. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the firm posted $1.87 earnings per share. The business’s revenue was down 15.6% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.59%. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

TXN has been the subject of several recent analyst reports. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Rosenblatt Securities increased their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird increased their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $204.67.

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.