Legacy Advisors LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Advisors LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,545 shares of the semiconductor company’s stock after acquiring an additional 736 shares during the period. Legacy Advisors LLC’s holdings in Texas Instruments were worth $2,829,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TXN. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter worth $31,000. Westend Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter worth $31,000. Finally, Norwood Financial Corp purchased a new position in Texas Instruments during the first quarter worth about $32,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Texas Instruments stock opened at $214.34 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. The firm has a market cap of $195.70 billion, a P/E ratio of 33.44, a P/E/G ratio of 4.66 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The firm has a 50-day moving average of $199.51 and a 200-day moving average of $185.85.

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

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 $2,473,238.94. The sale was disclosed in a legal filing 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 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 in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TXN shares. Morgan Stanley lifted their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Truist Financial decreased their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $204.67.

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.