Wilkins Investment Counsel Inc. Purchases 160 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wilkins Investment Counsel Inc. raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,284 shares of the semiconductor company’s stock after acquiring an additional 160 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Texas Instruments were worth $10,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC raised its stake in Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after buying an additional 1,870 shares during the period. Jump Financial LLC increased its holdings in shares of Texas Instruments by 64.7% during the 4th 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. Tortoise Investment Management LLC raised its stake in Texas Instruments by 27.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,046 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 225 shares during the period. Independent Advisor Alliance lifted its holdings in Texas Instruments by 27.9% during the 4th quarter. Independent Advisor Alliance now owns 27,813 shares of the semiconductor company’s stock valued at $4,673,000 after purchasing an additional 6,066 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Texas Instruments by 0.4% during the fourth quarter. Brown Advisory Inc. now owns 67,880 shares of the semiconductor company’s stock worth $11,571,000 after purchasing an additional 240 shares during the period. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. KeyCorp upped their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $204.67.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s 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 approximately $33,233,101.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $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 Price Performance

Texas Instruments stock opened at $199.93 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a market capitalization of $182.55 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The stock has a fifty day moving average of $200.69 and a 200-day moving average of $188.81.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping 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 firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The business’s quarterly revenue was down 15.6% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date 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 currently 81.12%.

About Texas Instruments

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.