Van Hulzen Asset Management LLC Has $1.97 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Van Hulzen Asset Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 47.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,142 shares of the semiconductor company's stock after selling 9,195 shares during the period. Van Hulzen Asset Management LLC's holdings in Texas Instruments were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. First National Advisers LLC increased its holdings in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company's stock valued at $1,623,000 after acquiring an additional 2,059 shares during the period. Nordea Investment Management AB increased its stake in shares of Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company's stock valued at $175,538,000 after acquiring an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company's stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC boosted its holdings in Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company's stock worth $55,124,000 after acquiring an additional 205,676 shares during the period. Finally, Clear Rock Advisors LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $1,984,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.7 %

NASDAQ:TXN traded down $1.37 on Tuesday, hitting $199.80. The stock had a trading volume of 4,859,085 shares, compared to its average volume of 5,231,239. The company has a fifty day moving average price of $200.66 and a two-hundred day moving average price of $188.25. The stock has a market cap of $182.43 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 4.29 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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 firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the prior year, the business earned $1.87 EPS. Texas Instruments's quarterly revenue was down 15.6% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments's dividend payout ratio (DPR) is 81.12%.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 of the company's stock, valued at $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction 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 approximately $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. 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 90 days. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXN. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Wells Fargo & Company started coverage on Texas Instruments in a research note on Thursday, May 16th. They set an "underweight" rating and a $150.00 target price on the stock. The Goldman Sachs Group lifted their price target on Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, July 24th. Rosenblatt Securities boosted their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Finally, Evercore ISI lifted their price target on Texas Instruments from $255.00 to $268.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $204.67.

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.