Van Hulzen Asset Management LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Van Hulzen Asset Management LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 47.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,142 shares of the semiconductor company’s stock after selling 9,195 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Texas Instruments were worth $1,973,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First National Advisers LLC boosted its holdings in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after buying an additional 2,059 shares in the last quarter. Nordea Investment Management AB boosted its stake in Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Texas Instruments by 5,858.6% during the fourth 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 last quarter. Advisors Capital Management LLC increased its position in shares of Texas Instruments by 185.7% during the first 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 in the last quarter. Finally, Clear Rock Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $1,984,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.9 %

NASDAQ:TXN opened at $201.17 on Tuesday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week 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 fifty day simple moving average of $200.63 and a 200-day simple moving average of $187.99. The company has a market capitalization of $183.68 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99.

Texas Instruments (NASDAQ:TXNGet Free Report) 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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the company earned $1.87 EPS. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.58%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analysts Set New Price Targets

Several research analysts have commented on TXN shares. Wells Fargo & Company started coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Jefferies Financial Group upped their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. KeyCorp raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $204.67.

Get Our Latest Stock Analysis on TXN

Insider Transactions at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 in the last three months. 0.68% of the stock is currently owned by company insiders.

About Texas Instruments

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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