Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 42.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 231,527 shares of the semiconductor company's stock after selling 169,388 shares during the period. Texas Instruments makes up approximately 1.5% of Miller Howard Investments Inc. NY's holdings, making the stock its 27th largest position. Miller Howard Investments Inc. NY's holdings in Texas Instruments were worth $45,039,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth $31,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $31,000. Finally, Norwood Financial Corp acquired a new position in Texas Instruments during the first quarter worth about $32,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 1.4 %

Shares of TXN traded down $2.95 during midday trading on Wednesday, reaching $207.74. 3,993,367 shares of the company were exchanged, compared to its average volume of 5,534,885. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $211.27. The stock has a 50-day moving average price of $198.53 and a 200-day moving average price of $185.15. 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 company has a market cap of $189.68 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 4.43 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's dividend payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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 price target for the company. Evercore ISI lifted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 20th. Rosenblatt Securities boosted their price target on Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $201.95.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company's stock, valued at $33,233,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

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.

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