Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,732 shares of the semiconductor company’s stock after selling 1,384 shares during the period. Paragon Capital Management Ltd’s holdings in Texas Instruments were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Sittner & Nelson LLC raised its holdings in Texas Instruments by 892.9% in the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $28,000. Magellan Asset Management Ltd acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Godsey & Gibb Inc. acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 83.37% of the company’s stock.

Texas Instruments Trading Down 2.1 %

NASDAQ TXN traded down $3.43 during trading on Friday, hitting $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 market capitalization of $147.65 billion, a PE ratio of 19.55, a PEG ratio of 2.42 and a beta of 1.03. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $172.20 and a 200 day moving average price of $173.17. Texas Instruments Incorporated has a twelve month low of $145.97 and a twelve 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 for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 7.34 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 15th. Investors of record on Monday, July 31st were paid a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 annualized dividend and a yield of 3.05%. Texas Instruments’s payout ratio is 59.62%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group reduced their price objective on shares of Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Barclays increased their target price on Texas Instruments from $165.00 to $175.00 in a report on Wednesday, July 26th. Stifel Nicolaus increased their price objective on Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, July 26th. Wolfe Research initiated coverage on Texas Instruments in a research note on Wednesday, July 19th. They issued a “peer perform” rating for the company. Finally, Citigroup increased their target price on shares of Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $185.32.

Texas Instruments Profile

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.