Weaver C. Barksdale & Associates Inc. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Weaver C. Barksdale & Associates Inc. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,538 shares of the semiconductor company’s stock after selling 144 shares during the quarter. Texas Instruments accounts for approximately 1.8% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 28th biggest holding. Weaver C. Barksdale & Associates Inc.’s holdings in Texas Instruments were worth $1,855,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth about $26,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments during the 1st quarter worth about $31,000. Norwood Financial Corp bought a new position in Texas Instruments during the 1st quarter valued at about $32,000. Finally, Fortis Group Advisors LLC raised its position in Texas Instruments by 100.0% in the 4th 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. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays boosted their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Susquehanna upped their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Evercore ISI increased their target price on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Robert W. Baird boosted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $204.67.

Insider Activity at Texas Instruments

In other Texas Instruments 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 value of $251,328.00. Following the transaction, the chief executive officer now directly 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 available through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last 90 days. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 3.4 %

Shares of NASDAQ TXN opened at $207.60 on Friday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The stock’s fifty day simple moving average is $200.75 and its two-hundred day simple moving average is $189.63. The stock has a market capitalization of $189.55 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. As a group, analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.