EP Wealth Advisors LLC Purchases 576 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EP Wealth Advisors LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,491 shares of the semiconductor company’s stock after purchasing an additional 576 shares during the period. EP Wealth Advisors LLC’s holdings in Texas Instruments were worth $4,181,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TXN. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after purchasing an additional 9,608 shares during the period. Nordea Investment Management AB lifted its position in Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake 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 buying an additional 636,013 shares during the period. Advisors Capital Management LLC raised its stake in shares of Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after acquiring an additional 205,676 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s 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 transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Down 1.2 %

NASDAQ:TXN opened at $206.57 on Tuesday. The company’s 50-day simple moving average is $201.09 and its 200-day simple moving average is $191.50. 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 stock has a market capitalization of $188.08 billion, a P/E ratio of 32.23, a P/E/G ratio of 4.55 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The firm also recently announced 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 is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 84.87%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, August 21st. Susquehanna lifted their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Truist Financial lowered 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. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.