Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Decreased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 23.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,435 shares of the semiconductor company’s stock after selling 3,544 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Texas Instruments were worth $2,225,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OV Management LLC grew its position in Texas Instruments by 1.2% in the second quarter. OV Management LLC now owns 17,063 shares of the semiconductor company’s stock worth $3,319,000 after acquiring an additional 210 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Texas Instruments by 2.2% in the second 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 in the last quarter. Oppenheimer Asset Management Inc. increased its position in Texas Instruments by 24.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 127,415 shares of the semiconductor company’s stock worth $24,786,000 after buying an additional 25,195 shares during the last quarter. Wrapmanager Inc. raised its holdings in Texas Instruments by 16.8% during the second quarter. Wrapmanager Inc. now owns 2,367 shares of the semiconductor company’s stock valued at $460,000 after buying an additional 340 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Texas Instruments by 37.2% in the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after buying an additional 451,862 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The company’s 50-day simple moving average is $200.69 and its 200 day simple moving average is $188.81.

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

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders 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 annualized dividend and a dividend yield of 2.60%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, August 21st. The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities raised their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.67.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by insiders.

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.