CIBC Asset Management Inc Sells 3,233 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

CIBC Asset Management Inc trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,903 shares of the semiconductor company's stock after selling 3,233 shares during the quarter. CIBC Asset Management Inc's holdings in Texas Instruments were worth $56,395,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TXN. Guidance Capital Inc. lifted its stake in shares of Texas Instruments by 7.1% in the second quarter. Guidance Capital Inc. now owns 5,320 shares of the semiconductor company's stock worth $1,084,000 after buying an additional 354 shares in the last quarter. Stiles Financial Services Inc lifted its position in Texas Instruments by 1.6% in the 2nd quarter. Stiles Financial Services Inc now owns 17,271 shares of the semiconductor company's stock valued at $3,361,000 after acquiring an additional 270 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in Texas Instruments by 6.9% during the 2nd quarter. Resonant Capital Advisors LLC now owns 8,163 shares of the semiconductor company's stock valued at $1,588,000 after purchasing an additional 527 shares during the last quarter. United Asset Strategies Inc. increased its holdings in shares of Texas Instruments by 11.0% in the 2nd quarter. United Asset Strategies Inc. now owns 8,225 shares of the semiconductor company's stock worth $1,600,000 after purchasing an additional 812 shares in the last quarter. Finally, FFT Wealth Management LLC increased its holdings in Texas Instruments by 12.8% in the 2nd quarter. FFT Wealth Management LLC now owns 1,965 shares of the semiconductor company's stock worth $382,000 after buying an additional 223 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 1.5 %

Shares of Texas Instruments stock traded up $3.25 during trading on Monday, hitting $214.34. 5,861,000 shares of the stock traded hands, compared to its average volume of 5,469,963. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The stock's fifty day simple moving average is $199.51 and its 200 day simple moving average is $186.26. The firm has a market cap of $195.70 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

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, beating 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 business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 EPS. The company's quarterly revenue was down 15.6% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced 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 was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.43%. Texas Instruments's dividend payout ratio is presently 81.12%.

Insider Activity

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments 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 transaction, the vice president now directly owns 24,112 shares of the company's stock, valued at $5,037,237.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction dated 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 owns 24,112 shares of the company's stock, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. KeyCorp increased their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Rosenblatt Securities boosted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $204.67.

Texas Instruments Company 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.