Strategy Asset Managers LLC Purchases 10,635 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Strategy Asset Managers LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,142 shares of the semiconductor company's stock after buying an additional 10,635 shares during the period. Texas Instruments accounts for approximately 1.5% of Strategy Asset Managers LLC's portfolio, making the stock its 21st largest holding. Strategy Asset Managers LLC's holdings in Texas Instruments were worth $7,766,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Texas Instruments by 7.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,139 shares of the semiconductor company's stock worth $706,000 after purchasing an additional 299 shares during the last quarter. Patrick M Sweeney & Associates Inc. bought a new position in shares of Texas Instruments in the 4th quarter worth $295,000. Barlow Wealth Partners Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $240,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth $31,000. Finally, Gryphon Financial Partners LLC grew its position in Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company's stock worth $982,000 after acquiring an additional 1,870 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 1.1 %

NASDAQ TXN traded up $2.17 on Wednesday, hitting $204.00. The company's stock had a trading volume of 4,649,334 shares, compared to its average volume of 5,554,245. 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 Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The firm has a market cap of $185.74 billion, a P/E ratio of 31.83, a PEG ratio of 4.66 and a beta of 0.99. The company's 50-day simple moving average is $200.28 and its 200 day simple moving average is $187.04.

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, 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 for the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. The firm's revenue for the quarter was down 15.6% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company'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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated 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 transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction dated 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 completion of the sale, the chief accounting officer now 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 three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TXN shares. Rosenblatt Securities raised their price target on Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Susquehanna upped their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a research note on Wednesday, July 17th. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $204.67.

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.