Insight Wealth Partners LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Insight Wealth Partners LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,291 shares of the semiconductor company’s stock after selling 324 shares during the quarter. Texas Instruments accounts for about 0.3% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 26th largest holding. Insight Wealth Partners LLC’s holdings in Texas Instruments were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Texas Instruments by 28.9% during the 2nd quarter. Blue Trust Inc. now owns 15,544 shares of the semiconductor company’s stock valued at $3,024,000 after purchasing an additional 3,486 shares during the last quarter. Pure Financial Advisors LLC raised its position in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Texas Instruments by 7.3% during the 2nd quarter. Miracle Mile Advisors LLC now owns 8,647 shares of the semiconductor company’s stock valued at $1,682,000 after purchasing an additional 591 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Texas Instruments during the 2nd quarter valued at approximately $408,000. Finally, Assenagon Asset Management S.A. raised its position in Texas Instruments by 97.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 449,629 shares of the semiconductor company’s stock valued at $87,466,000 after purchasing an additional 222,238 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXN. Barclays increased their target price on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Stock Down 0.7 %

TXN traded down $1.40 during trading on Friday, hitting $200.53. 4,236,423 shares of the company’s stock traded hands, compared to its average volume of 5,522,879. The company’s 50 day simple moving average is $197.16 and its two-hundred day simple moving average is $182.54. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The stock has a market capitalization of $182.58 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 4.25 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the business posted $1.87 EPS. Analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.59%. 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.