Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,320,500 shares of the semiconductor company’s stock after selling 22,272 shares during the period. Principal Financial Group Inc.’s holdings in Texas Instruments were worth $256,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the 4th quarter valued at $31,000. Westend Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth $31,000. Finally, Norwood Financial Corp acquired a new position in Texas Instruments during the first quarter worth $32,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 1.5 %

TXN traded up $3.25 during trading hours on Friday, reaching $214.34. The company’s stock had a trading volume of 5,861,010 shares, compared to its average volume of 5,537,430. The stock has a market cap of $195.15 billion, a PE ratio of 33.44, a P/E/G ratio of 4.53 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week 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 business’s 50-day moving average is $199.13 and its 200-day moving average is $185.48.

Texas Instruments (NASDAQ:TXN) last announced 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. The business had revenue of $3.82 billion for 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%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now 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. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Four equities research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.95.

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.