Sky Investment Group LLC Sells 1,780 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sky Investment Group LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,365 shares of the semiconductor company’s stock after selling 1,780 shares during the quarter. Texas Instruments makes up 1.7% of Sky Investment Group LLC’s portfolio, making the stock its 18th largest holding. Sky Investment Group LLC’s holdings in Texas Instruments were worth $9,371,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Investment Advisory Services Inc. TX ADV raised its stake in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares in the last quarter. Verity Asset Management Inc. grew its position in Texas Instruments by 1.1% during the first 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 in the last quarter. Prentice Wealth Management LLC increased its stake 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 period. Pure Financial Advisors LLC raised its holdings in Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $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% during the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TXN. Truist Financial decreased their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $206.65.

Texas Instruments Stock Down 0.8 %

Shares of NASDAQ TXN traded down $1.51 during midday trading on Tuesday, hitting $194.26. 1,226,792 shares of the stock traded hands, compared to its average volume of 5,423,791. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The business has a 50 day moving average price of $203.37 and a two-hundred day moving average price of $194.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market cap of $177.37 billion, a PE ratio of 33.99, a P/E/G ratio of 4.32 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 90.28%.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Haviv Ilan sold 1,200 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate 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.