Stevens Capital Partners Has $778,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Stevens Capital Partners reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,002 shares of the semiconductor company’s stock after selling 124 shares during the period. Stevens Capital Partners’ holdings in Texas Instruments were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Claro Advisors LLC grew its stake in shares of Texas Instruments by 16.3% during the 2nd quarter. Claro Advisors LLC now owns 2,472 shares of the semiconductor company’s stock worth $481,000 after acquiring an additional 347 shares in the last quarter. Summit Financial LLC boosted its holdings in Texas Instruments by 32.0% during the second quarter. Summit Financial LLC now owns 17,971 shares of the semiconductor company’s stock worth $3,496,000 after purchasing an additional 4,354 shares during the last quarter. Berry Wealth Group LP acquired a new stake in Texas Instruments in the 2nd quarter valued at $284,000. Cascade Financial Partners LLC lifted its position in Texas Instruments by 2.0% during the 2nd quarter. Cascade Financial Partners LLC now owns 7,075 shares of the semiconductor company’s stock worth $1,376,000 after buying an additional 139 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of Texas Instruments by 115.6% during the 2nd quarter. Essex Financial Services Inc. now owns 3,628 shares of the semiconductor company’s stock worth $706,000 after buying an additional 1,945 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird increased their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays boosted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Truist Financial lowered their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Three 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, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Price Performance

Texas Instruments stock traded up $3.25 during midday trading on Friday, reaching $214.34. The company’s stock had a trading volume of 5,861,054 shares, compared to its average volume of 5,579,429. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market cap of $195.70 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 4.66 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 has a 50-day moving average price of $199.51 and a 200-day moving average price of $186.06.

Texas Instruments (NASDAQ:TXN) last announced 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 analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In other 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 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 available at this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction 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 sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last quarter. 0.68% of the stock is owned by insiders.

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.