Prosperity Consulting Group LLC Has $3.29 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Prosperity Consulting Group LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,893 shares of the semiconductor company's stock after selling 4,408 shares during the period. Prosperity Consulting Group LLC's holdings in Texas Instruments were worth $3,286,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TXN. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the first quarter worth $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the first quarter worth $32,000. Finally, Fortis Group Advisors LLC increased its stake in shares of Texas Instruments by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $3.95 during mid-day trading on Friday, hitting $199.93. 4,617,153 shares of the stock were exchanged, compared to its average volume of 5,454,615. The company has a market cap of $182.55 billion, a P/E ratio of 31.19, a PEG ratio of 4.26 and a beta of 0.99. The stock's fifty day simple moving average is $200.69 and its two-hundred day simple moving average is $188.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

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. 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%. Texas Instruments's revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's dividend payout ratio is presently 81.12%.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the business's 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on TXN. Cantor Fitzgerald reissued a "neutral" rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, August 21st. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Morgan Stanley increased their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an "underweight" rating in a research report on Thursday, July 11th. Robert W. Baird increased their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Finally, Evercore ISI increased their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.