Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,647 shares of the semiconductor company's stock after buying an additional 8,870 shares during the quarter. iA Global Asset Management Inc.'s holdings in Texas Instruments were worth $83,774,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Texas Instruments

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 shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm'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 transaction, the vice president now directly owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The sale 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 dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares of the company's stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last three months. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TXN shares. Morgan Stanley increased their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a research report on Thursday, July 11th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an "underweight" rating and a $150.00 price objective for the company. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group boosted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $201.95.

Texas Instruments Stock Up 1.5 %

Shares of TXN traded up $3.25 during midday trading on Friday, hitting $214.34. The company had a trading volume of 5,861,010 shares, compared to its average volume of 5,537,430. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The firm has a market capitalization of $195.15 billion, a P/E ratio of 33.44, a P/E/G ratio of 4.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company's 50-day simple moving average is $199.13 and its 200-day simple moving average is $185.48.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 EPS. The firm's revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.11 EPS 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 2.43%. The ex-dividend date was Wednesday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 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.

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