Paces Ferry Wealth Advisors LLC Takes $235,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Paces Ferry Wealth Advisors LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,209 shares of the semiconductor company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently made changes to their positions in TXN. Richardson Financial Services Inc. purchased a new position in Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth about $31,000. Norwood Financial Corp acquired a new stake in shares of Texas Instruments during the first quarter worth about $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in shares of 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 purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Susquehanna lifted their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Evercore ISI lifted their target price on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Stock Down 0.3 %

Texas Instruments stock opened at $200.71 on Thursday. The stock has a market capitalization of $183.26 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 4.31 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. The business has a 50 day simple moving average of $200.60 and a 200-day simple moving average of $189.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.87 earnings per share. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred 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 directly owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, 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 transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. 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 corporate insiders.

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.