Troy Asset Management Ltd Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Troy Asset Management Ltd reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,040 shares of the semiconductor company’s stock after selling 27,915 shares during the quarter. Texas Instruments makes up 1.2% of Troy Asset Management Ltd’s investment portfolio, making the stock its 21st largest holding. Troy Asset Management Ltd’s holdings in Texas Instruments were worth $38,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TXN. Richardson Financial Services Inc. purchased a new position in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter valued at approximately $31,000. Norwood Financial Corp purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TXN shares. Rosenblatt Securities raised their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Susquehanna boosted their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Stifel Nicolaus raised their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Truist Financial dropped their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

TXN stock opened at $206.57 on Tuesday. The firm has a 50 day moving average of $201.09 and a 200-day moving average of $191.50. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $188.08 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the business earned $1.87 EPS. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share 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. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments 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 completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by 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.