Taurus Asset Management LLC Sells 20,173 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Taurus Asset Management LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,722 shares of the semiconductor company's stock after selling 20,173 shares during the quarter. Texas Instruments accounts for 1.7% of Taurus Asset Management LLC's portfolio, making the stock its 28th biggest holding. Taurus Asset Management LLC's holdings in Texas Instruments were worth $16,676,000 at the end of the most recent reporting period.

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

Texas Instruments Trading Up 2.0 %

NASDAQ TXN traded up $3.95 during trading hours on Friday, hitting $199.93. 4,617,153 shares of the company were exchanged, compared to its average volume of 5,454,615. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week 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 stock has a 50-day moving average price of $200.69 and a 200 day moving average price of $188.81. The stock has a market cap of $182.55 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company's revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

TXN has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a report on Wednesday, July 24th. Barclays raised their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Morgan Stanley upped their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an "underweight" rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Finally, Evercore ISI increased their target price 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 analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $204.67.

Insider Activity at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Shanon J. Leonard sold 2,816 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares of the company's stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock worth $3,255,323. Insiders own 0.68% of the company's stock.

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.