ProShare Advisors LLC Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

ProShare Advisors LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,119,247 shares of the semiconductor company’s stock after selling 77,347 shares during the period. ProShare Advisors LLC owned about 0.12% of Texas Instruments worth $217,727,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after buying an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC lifted its position in shares of Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the period. Clear Rock Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $1,984,000. Finally, KBC Group NV lifted its position in shares of Texas Instruments by 65.0% in the 4th quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock worth $120,444,000 after purchasing an additional 278,396 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 2.1 %

NASDAQ:TXN opened at $203.30 on Friday. The firm has a market cap of $185.10 billion, a P/E ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm has a 50-day simple moving average of $200.78 and a two-hundred day simple moving average of $189.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 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 analyst estimates of $3.82 billion. During the same period in the previous year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

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

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. KeyCorp raised their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $204.67.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 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 is accessible through this hyperlink. 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 shares were 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 is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now 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 worth $3,255,323 over the last three months. 0.68% of the stock is currently owned by company 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.