Foster & Motley Inc. Has $5.97 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Foster & Motley Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% during the second quarter, HoldingsChannel reports. The fund owned 30,681 shares of the semiconductor company’s stock after selling 1,424 shares during the quarter. Foster & Motley Inc.’s holdings in Texas Instruments were worth $5,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Deseret Mutual Benefit Administrators grew its holdings in shares of Texas Instruments by 4.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 5,071 shares of the semiconductor company’s stock worth $986,000 after purchasing an additional 231 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in Texas Instruments by 5.3% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,386 shares of the semiconductor company’s stock worth $1,048,000 after buying an additional 273 shares during the period. Gries Financial LLC bought a new stake in Texas Instruments during the 2nd quarter worth approximately $219,000. Strategy Asset Managers LLC increased its position in Texas Instruments by 32.7% in the 2nd quarter. Strategy Asset Managers LLC now owns 43,142 shares of the semiconductor company’s stock valued at $7,766,000 after acquiring an additional 10,635 shares during the period. Finally, Community Bank & Trust Waco Texas raised its stake in shares of Texas Instruments by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 4,242 shares of the semiconductor company’s stock valued at $825,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Truist Financial cut their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Finally, Rosenblatt Securities lifted their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Stock Down 0.3 %

NASDAQ TXN traded down $0.68 on Thursday, reaching $203.32. The company had a trading volume of 869,225 shares, compared to its average volume of 5,525,281. 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 stock has a market capitalization of $185.12 billion, a P/E ratio of 31.83, a P/E/G ratio of 4.66 and a beta of 0.99. The company’s fifty day moving average is $200.28 and its 200 day moving average is $187.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66.

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, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the firm earned $1.87 earnings per share. The firm’s revenue was down 15.6% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now 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. Over the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

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.