Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,281 shares of the semiconductor company’s stock after selling 893 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Texas Instruments were worth $17,513,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $1,548,365,000. Moneta Group Investment Advisors LLC lifted its position in Texas Instruments by 60,024.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after acquiring an additional 8,349,393 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Texas Instruments by 497.1% during the first quarter. Envestnet Asset Management Inc. now owns 7,377,079 shares of the semiconductor company’s stock worth $247,302,000 after purchasing an additional 6,141,556 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after purchasing an additional 5,191,426 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Texas Instruments by 28.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock valued at $2,748,406,000 after buying an additional 3,655,383 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Texas Instruments Trading Down 2.1 %

NASDAQ:TXN traded down $3.43 on Friday, reaching $162.62. The stock had a trading volume of 9,427,916 shares, compared to its average volume of 3,915,385. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.72 and a quick ratio of 4.35. The company has a market cap of $147.65 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.42 and a beta of 1.03. The firm’s fifty day moving average is $172.20 and its two-hundred day moving average is $173.17. Texas Instruments Incorporated has a 12-month low of $145.97 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the company earned $2.45 EPS. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 7.34 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $1.24 dividend. The ex-dividend date was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a yield of 3.05%. Texas Instruments’s dividend payout ratio is currently 59.62%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the sale, the director now directly owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Pamela H. Patsley sold 10,539 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total value of $1,890,064.26. Following the sale, the director now directly owns 32,662 shares in the company, valued at approximately $5,857,603.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carrie Smith Cox sold 16,055 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the completion of the transaction, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Texas Instruments from $178.00 to $174.00 in a research report on Wednesday, July 26th. Rosenblatt Securities reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Tuesday, July 25th. UBS Group cut their target price on Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Susquehanna lifted their price target on Texas Instruments from $205.00 to $215.00 in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus increased their price objective on Texas Instruments from $170.00 to $180.00 in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $185.32.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.