Miramar Capital LLC Sells 15,162 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Miramar Capital LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 20.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,041 shares of the semiconductor company's stock after selling 15,162 shares during the quarter. Texas Instruments comprises about 2.9% of Miramar Capital LLC's investment portfolio, making the stock its 17th biggest position. Miramar Capital LLC's holdings in Texas Instruments were worth $11,680,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Investment Advisory Services Inc. TX ADV raised its position in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. grew its stake 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 worth $843,000 after purchasing an additional 54 shares in the last quarter. Prentice Wealth Management LLC grew its stake 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 purchasing an additional 55 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company's stock valued at $433,000 after acquiring an additional 55 shares during the period. Finally, Bell Investment Advisors Inc boosted its stake in Texas Instruments by 14.1% in the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company's stock valued at $87,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on TXN shares. KeyCorp lifted 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. The Goldman Sachs Group lifted their target price on Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a research note on Wednesday, July 24th. Rosenblatt Securities boosted their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, August 21st. Finally, Benchmark reiterated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $204.67.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments 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 transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments 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 transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $6.89 during trading on Thursday, hitting $207.60. The company had a trading volume of 5,149,877 shares, compared to its average volume of 5,517,658. The company has a market cap of $189.55 billion, a P/E ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The business's 50-day moving average is $200.60 and its 200 day moving average is $189.50. 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 (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm's revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. Texas Instruments's dividend payout ratio is currently 81.12%.

About Texas Instruments

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.