Seven Mile Advisory Purchases 285 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Seven Mile Advisory increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,421 shares of the semiconductor company’s stock after acquiring an additional 285 shares during the period. Seven Mile Advisory’s holdings in Texas Instruments were worth $471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Williams Financial LLC bought a new position in Texas Instruments during the second quarter valued at about $472,000. Guardian Wealth Management Inc. boosted its stake in Texas Instruments by 1.1% in the second quarter. Guardian Wealth Management Inc. now owns 11,337 shares of the semiconductor company’s stock valued at $2,205,000 after acquiring an additional 124 shares during the last quarter. OV Management LLC grew its position in shares of Texas Instruments by 1.2% during the 2nd quarter. OV Management LLC now owns 17,063 shares of the semiconductor company’s stock valued at $3,319,000 after acquiring an additional 210 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Texas Instruments by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,756,505 shares of the semiconductor company’s stock worth $341,693,000 after purchasing an additional 37,530 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Texas Instruments by 24.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 127,415 shares of the semiconductor company’s stock worth $24,786,000 after purchasing an additional 25,195 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $199.93 on Friday. The stock has a market cap of $182.55 billion, a P/E ratio of 31.19, a PEG ratio of 4.26 and a beta of 0.99. 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 business’s 50-day moving average price is $200.69 and its two-hundred day moving average price is $188.81. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

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

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. 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 2.60%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Truist Financial decreased their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $204.67.

Insider Buying and Selling at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s 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 directly 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 15,558 shares of company stock worth $3,255,323 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

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.