Townsquare Capital LLC Sells 9,311 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Townsquare Capital LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 57.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,810 shares of the semiconductor company’s stock after selling 9,311 shares during the quarter. Townsquare Capital LLC’s holdings in Texas Instruments were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Icon Wealth Partners LLC acquired a new position in Texas Instruments during the first quarter valued at approximately $37,000. Global Wealth Management Investment Advisory Inc. raised its position in Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 331 shares in the last quarter. Shine Investment Advisory Services Inc. raised its position in Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares in the last quarter. Pathstone Family Office LLC raised its position in Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 194 shares in the last quarter. Finally, TD Capital Management LLC acquired a new position in Texas Instruments during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 85.38% of the company’s stock.

Shares of Texas Instruments stock traded down $1.99 during trading on Tuesday, hitting $125.78. The company’s stock had a trading volume of 2,224,663 shares, compared to its average volume of 3,511,082. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $130.92. The stock has a market cap of $118.26 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The stock has a 50-day moving average price of $124.22 and a two-hundred day moving average price of $115.82.



Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Texas Instruments’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a $0.90 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 annualized dividend and a dividend yield of 2.86%. Texas Instruments’s payout ratio is currently 56.83%.

TXN has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley upped their price target on shares of Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Credit Suisse Group upped their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Barclays upped their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, UBS Group upped their price target on shares of Texas Instruments from $93.00 to $100.00 and gave the stock a “sell” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $118.71.

In other Texas Instruments news, insider Ellen Barker sold 17,500 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $128.15, for a total transaction of $2,242,625.00. Following the sale, the insider now owns 47,660 shares of the company’s stock, valued at $6,107,629. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total transaction of $793,040.70. Following the sale, the senior vice president now directly owns 62,417 shares in the company, valued at approximately $8,003,107.74. The disclosure for this sale can be found here. In the last three months, insiders sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is currently owned by insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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