Massachusetts Financial Services Co. MA Sells 173,244 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Massachusetts Financial Services Co. MA trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,023,772 shares of the semiconductor company’s stock after selling 173,244 shares during the period. Massachusetts Financial Services Co. MA owned about 0.88% of Texas Instruments worth $1,560,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of 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 in the last quarter. Verity Asset Management Inc. lifted its stake in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares in the last quarter. Prentice Wealth Management LLC boosted its position in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the last quarter. Pure Financial Advisors LLC grew its stake in shares of Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted 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 purchasing an additional 55 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $199.93 on Monday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. 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 firm has a market cap of $182.55 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 4.26 and a beta of 0.99. The stock’s fifty day moving average price is $200.69 and its two-hundred day moving average price is $188.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the company posted $1.87 earnings per share. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

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 was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.60%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of analyst reports. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Susquehanna boosted their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Three investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.