Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,689 shares of the semiconductor company’s stock after selling 1,481 shares during the quarter. Texas Instruments makes up about 2.0% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 18th largest holding. Matrix Asset Advisors Inc. NY’s holdings in Texas Instruments were worth $17,058,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Aspiriant LLC acquired a new position in Texas Instruments during the 4th quarter valued at approximately $263,000. Harbor Investment Advisory LLC boosted its holdings in shares of Texas Instruments by 14.5% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,096 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 265 shares during the period. Sandy Spring Bank boosted its holdings in shares of Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after acquiring an additional 66 shares during the period. Cerity Partners LLC grew its position in shares of Texas Instruments by 25.5% during the fourth quarter. Cerity Partners LLC now owns 324,705 shares of the semiconductor company’s stock worth $55,349,000 after acquiring an additional 66,051 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $25,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1 %

TXN stock traded down $0.15 during mid-day trading on Monday, reaching $192.06. 5,235,888 shares of the stock traded hands, compared to its average volume of 6,228,739. 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 company has a market cap of $175.36 billion, a P/E ratio of 29.96, a P/E/G ratio of 4.18 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.84. The stock’s fifty day moving average is $196.88 and its 200-day moving average is $181.84.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.71%. Texas Instruments’s payout ratio is presently 81.12%.

Analysts Set New Price Targets

Several research analysts have commented on TXN shares. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI lifted their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $198.64.

Texas Instruments Company 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.