Oakview Capital Management L.P. Sells 18,406 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Oakview Capital Management L.P. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 57.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,764 shares of the semiconductor company’s stock after selling 18,406 shares during the quarter. Texas Instruments accounts for about 8.4% of Oakview Capital Management L.P.’s holdings, making the stock its 5th biggest position. Oakview Capital Management L.P.’s holdings in Texas Instruments were worth $2,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after purchasing an additional 9,608 shares during the period. Nordea Investment Management AB grew its holdings in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after acquiring an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the last quarter. Advisors Capital Management LLC boosted its position in Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares in the last quarter. Finally, Clear Rock Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $1,984,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Jefferies Financial Group upped their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Barclays boosted their target price 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. Finally, KeyCorp lifted 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $209.14 on Friday. The company has a market cap of $190.96 billion, a PE ratio of 32.63, a P/E/G ratio of 4.46 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm has a 50-day simple moving average of $201.07 and a 200 day simple moving average of $191.01. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.60%. 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 payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were 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 of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction 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 directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 158,676 shares of the company’s stock, 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.

Texas Instruments Company 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.