Wealthspire Advisors LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 88.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,481 shares of the semiconductor company’s stock after selling 11,457 shares during the quarter. Wealthspire Advisors LLC’s holdings in Texas Instruments were worth $285,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TXN. Capital International Investors raised its position in Texas Instruments by 505.7% in the first quarter. Capital International Investors now owns 3,675,721 shares of the semiconductor company’s stock valued at $694,578,000 after purchasing an additional 3,068,870 shares during the period. Price T Rowe Associates Inc. MD raised its position in Texas Instruments by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,806,440 shares of the semiconductor company’s stock valued at $2,987,259,000 after purchasing an additional 2,218,722 shares during the period. Bank of Montreal Can raised its holdings in shares of Texas Instruments by 24.8% in the 2nd quarter. Bank of Montreal Can now owns 5,097,525 shares of the semiconductor company’s stock valued at $983,669,000 after buying an additional 1,011,625 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Texas Instruments by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,469,849 shares of the semiconductor company’s stock valued at $4,246,577,000 after buying an additional 986,794 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 4.5% in the 2nd quarter. Geode Capital Management LLC now owns 16,698,271 shares of the semiconductor company’s stock valued at $3,203,239,000 after buying an additional 718,898 shares during the period. Institutional investors own 82.51% of the company’s stock.
Several equities research analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Texas Instruments from $220.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Summit Redstone downgraded Texas Instruments to a “hold” rating in a report on Thursday, July 22nd. Susquehanna Bancshares boosted their price objective on Texas Instruments from $220.00 to $230.00 and gave the company a “positive” rating in a report on Thursday, July 1st. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 price objective on the stock. in a report on Tuesday, June 29th. Finally, Bank of America boosted their price objective on Texas Instruments from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $204.27.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.36 billion. Texas Instruments had a return on equity of 69.28% and a net margin of 40.12%. The company’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 7.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, November 1st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, October 29th. Texas Instruments’s dividend payout ratio is 68.34%.
In related news, CAO Julie C. Knecht sold 7,399 shares of the firm’s stock in a transaction that occurred on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total value of $1,421,865.83. Following the completion of the transaction, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at approximately $3,165,424.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jean M. Hobby sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total value of $172,836.00. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.