Brown Brothers Harriman & Co. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Brothers Harriman & Co. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,177,139 shares of the semiconductor company’s stock after selling 20,081 shares during the quarter. Texas Instruments accounts for 1.7% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 22nd largest position. Brown Brothers Harriman & Co.’s holdings in Texas Instruments were worth $228,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TXN. Prime Capital Investment Advisors LLC grew its position in Texas Instruments by 22.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 20,843 shares of the semiconductor company’s stock valued at $4,055,000 after acquiring an additional 3,813 shares during the last quarter. Wilkins Investment Counsel Inc. grew its holdings in shares of Texas Instruments by 0.3% in the second quarter. Wilkins Investment Counsel Inc. now owns 53,284 shares of the semiconductor company’s stock worth $10,365,000 after purchasing an additional 160 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Texas Instruments by 7.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,132,133 shares of the semiconductor company’s stock worth $609,294,000 after buying an additional 218,391 shares during the period. Seven Mile Advisory lifted its holdings in Texas Instruments by 13.3% during the 2nd quarter. Seven Mile Advisory now owns 2,421 shares of the semiconductor company’s stock valued at $471,000 after buying an additional 285 shares in the last quarter. Finally, Williams Financial LLC purchased a new stake in Texas Instruments in the 2nd quarter valued at about $472,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.0 %

Shares of TXN stock opened at $199.93 on Monday. The stock’s fifty day moving average price is $200.69 and its 200 day moving average price is $188.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a market cap of $182.55 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm 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 was down 15.6% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors 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 yield of 2.60%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In other news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

TXN has been the topic of a number of research reports. Truist Financial reduced 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 report on Wednesday, August 21st. KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Citigroup upgraded 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 report on Wednesday, August 21st. 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. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $204.67.

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.