Beaird Harris Wealth Management LLC Has $1.05 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Beaird Harris Wealth Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,403 shares of the semiconductor company’s stock after selling 371 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Texas Instruments were worth $1,051,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TXN. Legal & General Group Plc grew its position in Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Texas Instruments by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after acquiring an additional 129,717 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Texas Instruments during the second quarter valued at about $12,609,000. Daymark Wealth Partners LLC grew its holdings in Texas Instruments by 2.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 8,664 shares of the semiconductor company’s stock worth $1,685,000 after acquiring an additional 201 shares during the last quarter. Finally, Decatur Capital Management Inc. raised its position in Texas Instruments by 2.8% during the 2nd quarter. Decatur Capital Management Inc. now owns 11,338 shares of the semiconductor company’s stock worth $2,206,000 after purchasing an additional 309 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays upped their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $204.67.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $209.14 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a market cap of $190.96 billion, a PE ratio of 32.63, a PEG ratio of 4.46 and a beta of 0.99. The company’s fifty day moving average is $201.07 and its 200 day moving average is $191.01.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the business posted $1.87 EPS. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. Research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date 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 presently 81.12%.

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.