Brasada Capital Management LP Has $2.95 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brasada Capital Management LP lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,773 shares of the semiconductor company’s stock after selling 928 shares during the period. Brasada Capital Management LP’s holdings in Texas Instruments were worth $2,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Norges Bank acquired a new stake in shares of Texas Instruments in the fourth quarter worth about $1,649,592,000. Van ECK Associates Corp lifted its position in shares of Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after buying an additional 1,972,304 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TXN. Morgan Stanley increased their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Susquehanna increased their target price on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Rosenblatt Securities increased their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company initiated coverage on Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Trading Down 0.7 %

Shares of TXN opened at $199.80 on Wednesday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $200.66 and a 200-day simple moving average of $188.25. The stock has a market cap of $182.43 billion, a PE ratio of 31.17, a PEG ratio of 4.29 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its 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. 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 during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the firm posted $1.87 EPS. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued 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 2.60%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Activity at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments 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.