Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by Jensen Investment Management Inc.

Jensen Investment Management Inc. lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,173,826 shares of the semiconductor company's stock after selling 56,385 shares during the period. Texas Instruments accounts for 3.5% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 13th largest holding. Jensen Investment Management Inc. owned 0.24% of Texas Instruments worth $422,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Westend Capital Management LLC acquired a new stake in Texas Instruments in the first quarter valued at $31,000. Norwood Financial Corp acquired a new stake in Texas Instruments in the 1st quarter valued at about $32,000. Finally, Fortis Group Advisors LLC lifted its stake in Texas Instruments by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company's stock valued at $33,000 after buying an additional 98 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of 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 can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. 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 quarter. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 2.0 %

NASDAQ TXN traded down $4.10 during mid-day trading on Friday, reaching $197.45. 6,313,184 shares of the company's stock traded hands, compared to its average volume of 5,550,251. 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 1-year low of $139.48 and a 1-year high of $214.66. The company has a fifty day simple moving average of $200.50 and a 200-day simple moving average of $187.40. The company has a market cap of $180.28 billion, a price-to-earnings ratio of 30.80, 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. 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 the consensus estimate of $3.82 billion. During the same quarter last year, the company earned $1.87 earnings per share. The business's quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. Susquehanna increased their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a research note on Wednesday, July 17th. Evercore ISI lifted their price objective on Texas Instruments from $255.00 to $268.00 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. Finally, Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.