Americana Partners LLC Acquires 1,251 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Americana Partners LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,562 shares of the semiconductor company’s stock after buying an additional 1,251 shares during the quarter. Americana Partners LLC’s holdings in Texas Instruments were worth $3,222,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Benedict Financial Advisors Inc. grew its stake in shares of Texas Instruments by 1.6% during the second quarter. Benedict Financial Advisors Inc. now owns 13,693 shares of the semiconductor company’s stock worth $2,664,000 after buying an additional 213 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Texas Instruments by 0.9% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,402 shares of the semiconductor company’s stock valued at $3,580,000 after acquiring an additional 167 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Texas Instruments by 6.0% during the 2nd quarter. Pinnacle Associates Ltd. now owns 30,212 shares of the semiconductor company’s stock worth $5,877,000 after acquiring an additional 1,704 shares during the last quarter. St. Louis Trust Co bought a new stake in Texas Instruments during the 2nd quarter worth $215,000. Finally, Searle & CO. increased its holdings in Texas Instruments by 394.1% in the 2nd quarter. Searle & CO. now owns 12,352 shares of the semiconductor company’s stock worth $2,403,000 after purchasing an additional 9,852 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.5 %

Texas Instruments stock traded up $3.25 during trading on Friday, hitting $214.34. 5,861,054 shares of the company were exchanged, compared to its average volume of 5,537,430. 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 business’s 50 day moving average is $199.51 and its 200 day moving average is $185.85. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The company has a market capitalization of $195.15 billion, a P/E ratio of 33.44, a PEG ratio of 4.53 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Activity at Texas Instruments

In other news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly 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 through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. 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 company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Truist Financial cut their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Susquehanna upped their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price 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.