Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by First Foundation Advisors

First Foundation Advisors lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 25.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,578 shares of the semiconductor company’s stock after selling 17,244 shares during the quarter. First Foundation Advisors’ holdings in Texas Instruments were worth $9,644,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. First National Advisers LLC grew its position in Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after acquiring an additional 636,013 shares during the last quarter. Advisors Capital Management LLC lifted its position in Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after acquiring an additional 205,676 shares during the period. Finally, Clear Rock Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $1,984,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated 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 directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’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 sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 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 in the last 90 days. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TXN shares. Barclays lifted their target price on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Truist Financial cut their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Stock Down 2.0 %

Shares of NASDAQ TXN opened at $197.45 on Monday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The company’s 50-day simple moving average is $200.50 and its 200-day simple moving average is $187.74. The firm has a market cap of $180.28 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued 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 yield of 2.63%. Texas Instruments’s payout ratio is currently 81.12%.

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.