International Assets Investment Management LLC Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

International Assets Investment Management LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,535 shares of the semiconductor company’s stock after purchasing an additional 374 shares during the quarter. International Assets Investment Management LLC’s holdings in Texas Instruments were worth $688,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TXN. Silver Oak Securities Incorporated purchased a new position in shares of Texas Instruments in the fourth quarter worth about $222,000. Choreo LLC raised its stake in shares of Texas Instruments by 27.7% in the fourth quarter. Choreo LLC now owns 5,782 shares of the semiconductor company’s stock worth $986,000 after purchasing an additional 1,255 shares during the last quarter. MONECO Advisors LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $249,000. Savant Capital LLC grew its holdings in Texas Instruments by 5.4% during the fourth quarter. Savant Capital LLC now owns 22,698 shares of the semiconductor company’s stock worth $3,869,000 after acquiring an additional 1,163 shares during the period. Finally, Essex Financial Services Inc. grew its holdings in Texas Instruments by 16.5% during the fourth quarter. Essex Financial Services Inc. now owns 1,731 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 245 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction 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 owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ TXN opened at $214.34 on Friday. The company 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 stock’s 50 day simple moving average is $199.51 and its 200-day simple moving average is $185.85. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last released its earnings results 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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the business posted $1.87 earnings per share. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors 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 analysts recently commented on the company. Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Evercore ISI raised their target price on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, Susquehanna raised their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $204.67.

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.