Caprock Group LLC Purchases 7,540 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Caprock Group LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 44.2% in the second quarter, Holdings Channel reports. The institutional investor owned 24,584 shares of the semiconductor company’s stock after buying an additional 7,540 shares during the period. Caprock Group LLC’s holdings in Texas Instruments were worth $4,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC boosted its stake in shares of Texas Instruments by 48.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after buying an additional 1,870 shares during the last quarter. Principal Securities Inc. acquired a new position in Texas Instruments during the fourth quarter valued at approximately $1,624,000. Kovitz Investment Group Partners LLC grew its stake in Texas Instruments by 2.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,439 shares of the semiconductor company’s stock valued at $1,779,000 after purchasing an additional 248 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Texas Instruments by 236.2% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,135 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 1,500 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Texas Instruments by 1.7% during the 4th quarter. AGF Management Ltd. now owns 51,198 shares of the semiconductor company’s stock worth $8,727,000 after purchasing an additional 874 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Truist Financial decreased their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company started coverage on Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target for the company. The Goldman Sachs Group boosted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Barclays upped their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $204.67.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the 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 completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 over the last three months. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $197.45 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The firm has a market cap of $179.77 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The business’s fifty day moving average is $200.50 and its 200-day moving average is $187.57.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

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.