Texas Instruments Incorporated (NASDAQ:TXN) Position Decreased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,774 shares of the semiconductor company’s stock after selling 76 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Texas Instruments were worth $2,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV boosted its position in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. lifted its stake in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 54 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in shares of Texas Instruments by 2.1% in the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares during the period. Pure Financial Advisors LLC increased 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 worth $433,000 after acquiring an additional 55 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Texas Instruments by 14.1% during the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 55 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated 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 owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last 90 days. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on TXN. Rosenblatt Securities raised their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Evercore ISI increased their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, Barclays increased their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research 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 issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock opened at $201.60 on Wednesday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $201.15 and a two-hundred day moving average price of $191.71. The stock has a market capitalization of $183.55 billion, a P/E ratio of 31.45, a PEG ratio of 4.55 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. Equities analysts expect 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. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

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.