Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,583 shares of the semiconductor company’s stock after purchasing an additional 148 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Texas Instruments were worth $308,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXN. Gryphon Financial Partners LLC raised its holdings in Texas Instruments by 48.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after purchasing an additional 1,870 shares in the last quarter. Jump Financial LLC boosted its position in Texas Instruments by 64.7% during the fourth quarter. Jump Financial LLC now owns 6,292 shares of the semiconductor company’s stock worth $1,073,000 after acquiring an additional 2,472 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Texas Instruments by 2.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 28,876 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 678 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $102,000. Finally, Advisor OS LLC boosted its holdings in shares of Texas Instruments by 48.9% in the 4th quarter. Advisor OS LLC now owns 3,439 shares of the semiconductor company’s stock valued at $586,000 after purchasing an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred 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 available through this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s 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 transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last quarter. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TXN shares. Robert W. Baird raised their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays lifted their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Rosenblatt Securities boosted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Stock Performance

TXN stock traded down $1.71 during trading on Tuesday, reaching $199.46. The stock had a trading volume of 64,870 shares, compared to its average volume of 5,514,789. 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 stock’s 50 day moving average is $200.63 and its two-hundred day moving average is $187.99. The firm has a market cap of $182.12 billion, a PE ratio of 31.38, a PEG ratio of 4.29 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company earned $1.87 EPS. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. Texas Instruments’s dividend payout ratio is currently 81.12%.

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.