Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by PSI Advisors LLC

PSI Advisors LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 368 shares of the semiconductor company’s stock after selling 51 shares during the period. PSI Advisors LLC’s holdings in Texas Instruments were worth $72,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Joule Financial LLC raised its position in shares of Texas Instruments by 17.1% during the 2nd quarter. Joule Financial LLC now owns 3,099 shares of the semiconductor company’s stock worth $603,000 after purchasing an additional 452 shares during the last quarter. Benin Management CORP grew its position in shares of Texas Instruments by 2.4% in the second quarter. Benin Management CORP now owns 4,300 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 100 shares during the period. Moss Adams Wealth Advisors LLC purchased a new position in Texas Instruments during the second quarter worth about $264,000. Nexus Investment Management ULC grew its holdings in Texas Instruments by 9.5% in the 2nd quarter. Nexus Investment Management ULC now owns 96,090 shares of the semiconductor company’s stock valued at $18,692,000 after buying an additional 8,325 shares during the period. Finally, Elser Financial Planning Inc acquired a new position in shares of Texas Instruments during the 2nd quarter valued at about $213,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Texas Instruments stock opened at $203.77 on Friday. The company has a market cap of $185.53 billion, a PE ratio of 31.79, a P/E/G ratio of 4.36 and a beta of 0.99. The company has a fifty day moving average price of $197.66 and a two-hundred day moving average price of $183.75. 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 12 month low of $139.48 and a 12 month high of $210.88.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.87 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company began coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Barclays increased their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $201.95.

Texas Instruments Company 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.