AE Wealth Management LLC Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

AE Wealth Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 24.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,225 shares of the semiconductor company’s stock after acquiring an additional 6,774 shares during the quarter. AE Wealth Management LLC’s holdings in Texas Instruments were worth $6,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Bridges Investment Management Inc. increased its stake in shares of Texas Instruments by 17.9% in the second quarter. Bridges Investment Management Inc. now owns 40,193 shares of the semiconductor company’s stock worth $7,819,000 after purchasing an additional 6,098 shares in the last quarter. Callan Capital LLC grew its stake in Texas Instruments by 31.8% in the 2nd quarter. Callan Capital LLC now owns 3,011 shares of the semiconductor company’s stock valued at $586,000 after buying an additional 727 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Texas Instruments by 1.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,495 shares of the semiconductor company’s stock valued at $1,652,000 after acquiring an additional 113 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Texas Instruments by 4.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 210,136 shares of the semiconductor company’s stock worth $40,878,000 after acquiring an additional 9,067 shares in the last quarter. Finally, Retirement Investment Advisors Inc. bought a new position in shares of Texas Instruments in the second quarter worth $1,412,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 2.1 %

Shares of TXN opened at $203.30 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. 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 50 day simple moving average of $200.78 and a two-hundred day simple moving average of $189.98. The firm has a market cap of $185.10 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 released its 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%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. 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 a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 81.12%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Truist Financial reduced their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Robert W. Baird increased their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Barclays boosted their price target 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. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $204.67.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s 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 completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 in the last ninety days. 0.68% of the stock is owned by company 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.