Lake Street Advisors Group LLC Sells 120 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lake Street Advisors Group LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,989 shares of the semiconductor company’s stock after selling 120 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Texas Instruments were worth $3,888,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares in the last quarter. Capital Research Global Investors raised its position in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Franklin Resources Inc. lifted its stake in Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $1,649,592,000. Finally, Van ECK Associates Corp grew its stake in shares of Texas Instruments by 6.2% in the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after purchasing an additional 348,528 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Jefferies Financial Group raised their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. KeyCorp increased their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, August 21st. Finally, Rosenblatt Securities raised their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $204.67.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments 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 transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last ninety days. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Down 2.0 %

Shares of NASDAQ TXN opened at $197.45 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm has a market capitalization of $180.28 billion, a P/E ratio of 30.80, a P/E/G ratio of 4.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company’s 50 day simple moving average is $200.50 and its 200 day simple moving average is $187.40.

Texas Instruments (NASDAQ:TXN) last posted 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 return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the business posted $1.87 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s payout ratio is currently 81.12%.

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.