Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Trimmed by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,835,772 shares of the semiconductor company's stock after selling 43,221 shares during the quarter. Texas Instruments accounts for approximately 2.0% of Bahl & Gaynor Inc.'s portfolio, making the stock its 15th largest holding. Bahl & Gaynor Inc. owned about 0.20% of Texas Instruments worth $357,113,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on TXN shares. Jefferies Financial Group increased their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an "underweight" rating and a $150.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $204.67.

Insiders Place Their Bets

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm's 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other 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 value 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 transaction 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 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last ninety days. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Trading Up 1.3 %

Shares of TXN stock traded up $2.61 during mid-day trading on Wednesday, reaching $202.41. The company's stock had a trading volume of 5,899,629 shares, compared to its average volume of 5,544,360. The company's 50 day simple moving average is $200.66 and its 200-day simple moving average is $188.25. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month 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. The firm has a market capitalization of $184.81 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 4.29 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, beating analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business's revenue was down 15.6% on a year-over-year basis. During the same period last year, the business earned $1.87 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's dividend payout ratio is currently 81.12%.

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.