Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,313 shares of the semiconductor company’s stock after purchasing an additional 834 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Texas Instruments were worth $1,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investment Advisory Services Inc. TX ADV boosted its stake in Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after buying an additional 51 shares during the last quarter. Verity Asset Management Inc. boosted its stake in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after buying an additional 55 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in shares of Texas Instruments by 0.5% in the 2nd quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock valued at $2,114,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.5 %

Shares of NASDAQ TXN opened at $214.34 on Friday. The stock has a market cap of $195.70 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 4.66 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. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The business has a 50-day moving average price of $199.51 and a 200 day moving average price of $186.06.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed 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 was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.43%. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Wells Fargo & Company began coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target on the stock. Evercore ISI increased their target price on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Truist Financial decreased their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $204.67.

Insiders Place Their Bets

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 sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

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.