Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,294 shares of the semiconductor company’s stock after purchasing an additional 142 shares during the period. Summit Trail Advisors LLC’s holdings in Texas Instruments were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gryphon Financial Partners LLC boosted its stake in Texas Instruments by 48.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after buying an additional 1,870 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Texas Instruments by 9.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 98,128 shares of the semiconductor company’s stock valued at $16,727,000 after acquiring an additional 8,427 shares in the last quarter. SageView Advisory Group LLC increased its holdings in Texas Instruments by 379.5% during the 4th quarter. SageView Advisory Group LLC now owns 9,681 shares of the semiconductor company’s stock worth $1,569,000 after purchasing an additional 7,662 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in Texas Instruments by 177.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 8,542 shares of the semiconductor company’s stock valued at $1,456,000 after acquiring an additional 5,459 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Texas Instruments by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 353,871 shares of the semiconductor company’s stock valued at $60,321,000 after purchasing an additional 12,591 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TXN shares. Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. 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. Evercore ISI increased their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Barclays lifted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $204.67.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the firm’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 transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction 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 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 over the last ninety days. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Down 2.1 %

Texas Instruments stock opened at $203.30 on Friday. The firm’s 50 day moving average price is $200.78 and its two-hundred day moving average price is $189.98. The firm has a market cap of $185.10 billion, a PE ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. 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 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 firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 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.