Farther Finance Advisors LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Farther Finance Advisors LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,704 shares of the semiconductor company’s stock after purchasing an additional 1,927 shares during the period. Farther Finance Advisors LLC’s holdings in Texas Instruments were worth $1,694,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $1,649,592,000. Van ECK Associates Corp boosted its stake in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN traded up $3.25 during mid-day trading on Friday, hitting $214.34. 5,861,054 shares of the company traded hands, compared to its average volume of 5,579,429. 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 stock has a 50-day moving average price of $199.51 and a two-hundred day moving average price of $186.06. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The stock has a market cap of $195.70 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 4.66 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during 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 revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on TXN. KeyCorp lifted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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 owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

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.