KCM Investment Advisors LLC increases its position in Texas Instruments Incorporated (NASDAQ:TXN)

KCM Investment Advisors LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,524 shares of the semiconductor company’s stock after buying an additional 325 shares during the period. KCM Investment Advisors LLC’s holdings in Texas Instruments were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments in the fourth quarter valued at $31,000. Westend Capital Management LLC acquired a new stake in Texas Instruments in the first quarter valued at $31,000. Finally, Norwood Financial Corp acquired a new stake in Texas Instruments in the 1st quarter worth $32,000. Institutional investors and hedge funds own 84.99% of the company’s shares.

Insider work at Texas Instruments

In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CAO Julie C. Knecht sold 7,764 shares of the 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of shares are held by insiders.

Analysts on Wall Street are forecasting an increase

Several brokerages recently weighed in on TXN. Rosenblatt Securities boosted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley upped their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, August 21st. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Three investment 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. The company has a consensus rating of “Hold” and a consensus price target of $204.67, based on data from MarketBeat.com.

Check out our latest research report on Texas Instruments

Texas Instruments Stock Performance

Shares of TXN stock opened at $214.34 on Friday. The company has a 50 day moving average of $199.13 and a two hundred day moving average of $185.48. The stock has a market cap of $195.15 billion, a P/E ratio of 33.44, a PEG ratio of 4.53 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49, and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN – Get Your Free Report ) last posted its earnings results 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 analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’ revenue fell 15.6% year over year. In the same quarter last year, the company earned $1.87 EPS. As a group, research analysts forecast 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. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a dividend of $5.20 on an annualized basis and a yield of 2.43%. The ex-dividend date was Wednesday, July 31. Texas Instruments’ dividend payout ratio is currently 81.12%.

About Texas Instruments

(Free report)

Texas Instruments Incorporated designs, manufactures and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through the analog and embedded processing segments. The analog segment offers power products to handle power requirements at various voltage levels, including battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, reference voltage and lighting products.

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