Beaton Management Co. Inc. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beaton Management Co. Inc. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,415 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Beaton Management Co. Inc.’s holdings in Texas Instruments were worth $275,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares during the period. Verity Asset Management Inc. lifted its stake in shares of Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 54 shares during the period. Prentice Wealth Management LLC boosted its holdings in shares of Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after purchasing an additional 55 shares during the last quarter. Pure Financial Advisors LLC grew its position in shares of Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in Texas Instruments by 14.1% in the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $207.60 on Friday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. 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 cap of $189.55 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 4.31 and a beta of 0.99. The stock has a 50 day moving average of $200.75 and a 200-day moving average of $189.63.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business 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 posted $1.87 EPS. The company’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on TXN shares. Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $204.67.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’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 of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last ninety days. Company insiders own 0.68% of the company’s stock.

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.