Profund Advisors LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Profund Advisors LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,214 shares of the semiconductor company’s stock after acquiring an additional 8,839 shares during the quarter. Texas Instruments makes up about 1.1% of Profund Advisors LLC’s investment portfolio, making the stock its 15th largest position. Profund Advisors LLC’s holdings in Texas Instruments were worth $28,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Gryphon Financial Partners LLC raised its stake in Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after buying an additional 1,870 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Texas Instruments by 9.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 98,128 shares of the semiconductor company’s stock worth $16,727,000 after acquiring an additional 8,427 shares in the last quarter. SageView Advisory Group LLC boosted its position in Texas Instruments by 379.5% during the fourth quarter. SageView Advisory Group LLC now owns 9,681 shares of the semiconductor company’s stock valued at $1,569,000 after purchasing an additional 7,662 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in Texas Instruments by 177.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 8,542 shares of the semiconductor company’s stock valued at $1,456,000 after purchasing an additional 5,459 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Texas Instruments by 3.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 353,871 shares of the semiconductor company’s stock worth $60,321,000 after purchasing an additional 12,591 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TXN shares. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Robert W. Baird upped their price target on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group raised their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Trading Down 2.1 %

Shares of Texas Instruments stock opened at $203.30 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock has a market cap of $185.10 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The firm has a fifty day moving average price of $200.78 and a 200 day moving average price of $189.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

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.