Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ascension Asset Management LLC

Ascension Asset Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,895 shares of the semiconductor company’s stock after selling 500 shares during the period. Texas Instruments comprises approximately 1.6% of Ascension Asset Management LLC’s holdings, making the stock its 15th largest holding. Ascension Asset Management LLC’s holdings in Texas Instruments were worth $3,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gryphon Financial Partners LLC grew its holdings in Texas Instruments by 48.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 1,870 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Texas Instruments during the fourth quarter worth about $990,000. Shepherd Financial Partners LLC grew its stake in Texas Instruments by 7.5% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,797 shares of the semiconductor company’s stock worth $477,000 after purchasing an additional 194 shares in the last quarter. Partners Capital Investment Group LLP bought a new stake in Texas Instruments in the fourth quarter valued at about $378,000. Finally, Alberta Investment Management Corp raised its stake in Texas Instruments by 25.9% during the fourth quarter. Alberta Investment Management Corp now owns 25,550 shares of the semiconductor company’s stock valued at $4,355,000 after buying an additional 5,250 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, 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 the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred 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 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. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TXN. Truist Financial decreased their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Evercore ISI increased their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased 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. 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 stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Trading Down 0.1 %

Shares of TXN stock opened at $209.14 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The firm has a market capitalization of $190.96 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 4.46 and a beta of 0.99. The stock has a fifty day moving average of $201.07 and a two-hundred day moving average of $191.12. 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 (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

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.