Brighton Jones LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brighton Jones LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,236 shares of the semiconductor company’s stock after purchasing an additional 264 shares during the quarter. Brighton Jones LLC’s holdings in Texas Instruments were worth $2,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Gryphon Financial Partners LLC grew its holdings in shares of Texas Instruments by 48.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after buying an additional 1,870 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Texas Instruments by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,613 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 144 shares during the last quarter. Sand Hill Global Advisors LLC grew its holdings in shares of Texas Instruments by 4.8% during the fourth quarter. Sand Hill Global Advisors LLC now owns 1,533 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 70 shares during the last quarter. Union Savings Bank grew its holdings in shares of Texas Instruments by 12.8% during the fourth quarter. Union Savings Bank now owns 660 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 75 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Texas Instruments by 42.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,535 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on 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 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. Over the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TXN. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Barclays increased their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, August 21st. Finally, Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $207.60 on Friday. The firm has a fifty day moving average price of $200.75 and a 200-day moving average price of $189.63. 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 stock has a market cap of $189.55 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. 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 quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.50%. Texas Instruments’s payout ratio is 81.12%.

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.