Callan Capital LLC Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Callan Capital LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 31.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,011 shares of the semiconductor company’s stock after buying an additional 727 shares during the period. Callan Capital LLC’s holdings in Texas Instruments were worth $586,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after purchasing an additional 1,972,304 shares in the last quarter. Capital Research Global Investors lifted 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 acquiring an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares during the period. The Manufacturers Life Insurance Company grew its position in Texas Instruments by 35.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company’s stock valued at $525,643,000 after acquiring an additional 809,805 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Texas Instruments by 23.7% during the fourth quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock valued at $630,335,000 after purchasing an additional 709,115 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 2.1 %

Texas Instruments stock opened at $203.30 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a 50-day simple moving average of $200.78 and a 200-day simple moving average of $189.84. The firm has a market capitalization of $185.62 billion, a P/E ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.56%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were 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 owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Rosenblatt Securities raised their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.67.

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.