STF Management LP Sells 664 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

STF Management LP trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 14,340 shares of the semiconductor company’s stock after selling 664 shares during the quarter. Texas Instruments comprises 1.2% of STF Management LP’s holdings, making the stock its 21st biggest position. STF Management LP’s holdings in Texas Instruments were worth $2,790,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV lifted its stake 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 worth $612,000 after buying an additional 51 shares in the last quarter. Verity Asset Management Inc. raised its position 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 worth $843,000 after buying an additional 54 shares during the last quarter. Prentice Wealth Management LLC raised its holdings in shares of Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Texas Instruments by 2.5% in the 2nd 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 last quarter. Finally, Bell Investment Advisors Inc boosted its stake in shares of Texas Instruments by 14.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after buying an additional 55 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction 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 SEC, which is accessible through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 2.0 %

NASDAQ:TXN opened at $199.93 on Monday. 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 50-day moving average of $200.69 and a 200 day moving average of $188.99. The firm 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) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.87 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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 dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s payout ratio is 81.12%.

Analyst Ratings Changes

TXN has been the subject of several research reports. Barclays upped their price target 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. Truist Financial cut their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Susquehanna lifted their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Jefferies Financial Group upped their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.