Epoch Investment Partners Inc. Sells 21,902 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Epoch Investment Partners Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,065 shares of the semiconductor company’s stock after selling 21,902 shares during the quarter. Epoch Investment Partners Inc. owned about 0.08% of Texas Instruments worth $150,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Gryphon Financial Partners LLC increased its position in Texas Instruments by 48.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $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 purchasing an additional 8,427 shares during the last quarter. SageView Advisory Group LLC boosted its stake in Texas Instruments by 379.5% in the 4th quarter. SageView Advisory Group LLC now owns 9,681 shares of the semiconductor company’s stock worth $1,569,000 after purchasing an additional 7,662 shares in the last quarter. Congress Wealth Management LLC DE boosted its stake in Texas Instruments by 177.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 8,542 shares of the semiconductor company’s stock worth $1,456,000 after purchasing an additional 5,459 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Texas Instruments by 3.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 353,871 shares of the semiconductor company’s stock valued at $60,321,000 after purchasing an additional 12,591 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Stifel Nicolaus increased their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Finally, Rosenblatt Securities lifted their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Trading Down 2.1 %

Texas Instruments stock opened at $203.30 on Friday. 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 Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a market capitalization of $185.10 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99. The firm has a 50 day moving average of $200.78 and a 200 day moving average of $189.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.82 billion. During the same period in the prior year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

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

Insider Transactions at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the 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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last 90 days. Company insiders own 0.68% of the company’s stock.

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.