Legacy Financial Advisors Inc. Purchases 72 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Financial Advisors Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,951 shares of the semiconductor company’s stock after acquiring an additional 72 shares during the period. Legacy Financial Advisors Inc.’s holdings in Texas Instruments were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Westend Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter worth approximately $31,000. Norwood Financial Corp purchased a new position in Texas Instruments in the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC grew its stake in Texas Instruments by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after buying an additional 98 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $203.30 on Friday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company’s 50-day moving average is $200.78 and its 200 day moving average is $189.84. The company has a market capitalization of $185.62 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. 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 (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the firm posted $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, 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 transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated 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 owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TXN. Barclays upped 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 note on Wednesday, July 24th. Susquehanna upped their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Robert W. Baird upped their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Rosenblatt Securities upped their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.