Texas Instruments Incorporated (NASDAQ:TXN) Stake Lessened by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,357 shares of the semiconductor company's stock after selling 5,258 shares during the period. Texas Instruments makes up 1.0% of Beverly Hills Private Wealth LLC's investment portfolio, making the stock its 20th largest position. Beverly Hills Private Wealth LLC's holdings in Texas Instruments were worth $4,544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TXN. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. raised its holdings in Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company's stock valued at $843,000 after buying an additional 54 shares during the period. Prentice Wealth Management LLC lifted its position in Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company's stock valued at $516,000 after buying an additional 55 shares in the last quarter. Pure Financial Advisors LLC grew its stake in Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company's stock worth $433,000 after buying an additional 55 shares during the period. Finally, Bell Investment Advisors Inc increased its position in shares of Texas Instruments by 14.1% in the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 55 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Mohammad Yunus sold 3,778 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company's stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business's 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 approximately $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 3.2 %

NASDAQ:TXN traded down $6.43 during mid-day trading on Thursday, reaching $195.98. The stock had a trading volume of 7,201,030 shares, compared to its average volume of 5,553,796. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market capitalization of $178.44 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth 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 stock's 50 day simple moving average is $200.73 and its two-hundred day simple moving average is $188.35.

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, beating analysts' consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 EPS. The business's quarterly revenue was down 15.6% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments's payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group upped their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an "underweight" rating in a research report on Thursday, July 11th. Finally, Evercore ISI increased their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.