Brave Asset Management Inc. Sells 3,017 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Brave Asset Management Inc. lessened its position in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,734 shares of the semiconductor company’s stock after selling 3,017 shares during the period. Brave Asset Management Inc.’s holdings in Texas Instruments were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Securities Co. Ltd. boosted its holdings in shares of Texas Instruments by 280.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after buying an additional 101 shares during the period. Rather & Kittrell Inc. bought a new stake in Texas Instruments in the 4th quarter valued at about $30,000. Blume Capital Management Inc. bought a new stake in Texas Instruments in the 1st quarter valued at about $33,000. IAG Wealth Partners LLC boosted its holdings in Texas Instruments by 62.0% in the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 75 shares during the period. Finally, First PREMIER Bank bought a new stake in Texas Instruments in the 1st quarter valued at about $37,000. Institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $190.00 to $175.00 in a research report on Wednesday, June 29th. The Goldman Sachs Group lowered their price objective on shares of Texas Instruments from $162.00 to $148.00 in a research report on Friday, July 15th. Sanford C. Bernstein upped their price objective on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, Mizuho lowered their price objective on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Stock Down 1.9 %

Shares of TXN stock traded down $3.01 on Friday, hitting $159.61. The stock had a trading volume of 177,045 shares, compared to its average volume of 5,638,136. The business has a 50 day moving average of $171.17 and a 200 day moving average of $169.54. The stock has a market cap of $145.84 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.09 and a quick ratio of 4.24. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $202.26.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.07 by $0.38. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.53 billion. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. As a group, analysts expect that Texas Instruments Incorporated will post 9.35 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $1.24 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 28th. This represents a $4.96 annualized dividend and a dividend yield of 3.11%. Texas Instruments’s dividend payout ratio (DPR) is presently 50.33%.

Texas Instruments announced that its board has authorized a share buyback program on Thursday, September 15th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Texas Instruments

In other news, VP Kyle M. Flessner sold 43,068 shares of Texas Instruments stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now owns 66,822 shares in the company, valued at $11,955,124.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Mark T. Roberts sold 2,048 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the transaction, the vice president now owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kyle M. Flessner sold 43,068 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.91, for a total transaction of $7,705,295.88. Following the completion of the transaction, the vice president now directly owns 66,822 shares of the company’s stock, valued at approximately $11,955,124.02. The disclosure for this sale can be found here. Insiders sold 57,415 shares of company stock worth $10,241,311 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Texas Instruments Profile

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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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