Obermeyer Wood Investment Counsel Lllp Has $22.86 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8,186.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,505 shares of the semiconductor company’s stock after buying an additional 116,087 shares during the period. Texas Instruments makes up approximately 1.3% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 28th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Texas Instruments were worth $22,858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TXN. Claro Advisors LLC lifted its holdings in shares of Texas Instruments by 16.3% in the second quarter. Claro Advisors LLC now owns 2,472 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 347 shares in the last quarter. Summit Financial LLC grew its stake in shares of Texas Instruments by 32.0% during the 2nd quarter. Summit Financial LLC now owns 17,971 shares of the semiconductor company’s stock worth $3,496,000 after acquiring an additional 4,354 shares in the last quarter. Berry Wealth Group LP acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $284,000. Cascade Financial Partners LLC boosted its stake in shares of Texas Instruments by 2.0% during the 2nd quarter. Cascade Financial Partners LLC now owns 7,075 shares of the semiconductor company’s stock worth $1,376,000 after buying an additional 139 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in shares of Texas Instruments by 115.6% in the 2nd quarter. Essex Financial Services Inc. now owns 3,628 shares of the semiconductor company’s stock valued at $706,000 after acquiring an additional 1,945 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of several recent research reports. Robert W. Baird raised their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $3.25 during mid-day trading on Friday, reaching $214.34. The company had a trading volume of 5,861,054 shares, compared to its average volume of 5,579,429. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The business’s 50-day simple moving average is $199.51 and its 200 day simple moving average is $186.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a market cap of $195.70 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 4.66 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period last year, the firm posted $1.87 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

Insiders Place Their Bets

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on 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 approximately $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. 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 insiders.

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.