Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 44.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,994 shares of the semiconductor company’s stock after selling 19,309 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Texas Instruments were worth $4,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the 1st quarter valued at $32,000. Finally, Fortis Group Advisors LLC increased its holdings in shares of Texas Instruments by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

Texas Instruments stock opened at $201.39 on Wednesday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $200.66 and its 200 day simple moving average is $189.43. The firm has a market capitalization of $183.36 billion, a PE ratio of 31.42, a P/E/G ratio of 4.26 and a beta of 0.99.

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 the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the firm earned $1.87 EPS. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent research reports. Barclays lifted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. KeyCorp lifted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective 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, Robert W. Baird boosted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $204.67.

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.