CCLA Investment Management Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

CCLA Investment Management raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 516,578 shares of the semiconductor company's stock after buying an additional 5,694 shares during the period. CCLA Investment Management owned about 0.06% of Texas Instruments worth $99,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TXN. Richardson Financial Services Inc. purchased a new position in Texas Instruments during the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the first quarter valued at approximately $31,000. Norwood Financial Corp purchased a new stake in Texas Instruments during the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company's stock worth $33,000 after buying an additional 98 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was 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 in the company, valued at $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments 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 owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following 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 have sold 15,558 shares of company stock worth $3,255,323 in the last quarter. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

TXN traded down $0.68 during trading on Wednesday, hitting $200.71. 4,260,217 shares of the stock were exchanged, compared to its average volume of 5,470,099. 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 Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The stock has a fifty day moving average price of $200.60 and a two-hundred day moving average price of $189.50. The firm has a market capitalization of $183.26 billion, a P/E ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company's quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors 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 dividend yield of 2.59%. The ex-dividend date was Wednesday, July 31st. Texas Instruments's dividend payout ratio is currently 81.12%.

Analyst Ratings Changes

TXN has been the subject of several research reports. Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a report on Wednesday, July 24th. Evercore ISI lifted their price objective on Texas Instruments from $255.00 to $268.00 and gave the company an "outperform" rating in a research note on Tuesday, August 20th. Truist Financial cut their target price on shares of Texas Instruments from $203.00 to $198.00 and set a "hold" rating on the stock in a research note on Wednesday, August 21st. Finally, Susquehanna lifted their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price 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.