Semmax Financial Advisors Inc. Has $2.29 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Semmax Financial Advisors Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,597 shares of the semiconductor company’s stock after selling 258 shares during the period. Semmax Financial Advisors Inc.’s holdings in Texas Instruments were worth $2,288,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors increased its position in shares of Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Van ECK Associates Corp raised its holdings in Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after acquiring an additional 348,528 shares in the last quarter. FIL Ltd boosted its position in Texas Instruments by 6.6% during the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company’s stock valued at $828,764,000 after purchasing an additional 301,735 shares during the last quarter. Finally, Fayez Sarofim & Co grew its stake in Texas Instruments by 2.5% in the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after purchasing an additional 104,806 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Truist Financial decreased their target price 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. Morgan Stanley lifted their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Jefferies Financial Group boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Finally, Barclays raised their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Trading Up 0.3 %

Shares of TXN stock opened at $203.85 on Tuesday. 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 fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a market cap of $185.60 billion, a PE ratio of 31.80, a P/E/G ratio of 4.31 and a beta of 0.99. The stock’s fifty day moving average price is $200.82 and its two-hundred day moving average price is $190.31.

Texas Instruments (NASDAQ:TXN) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.67%. 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%.

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.