Texas Instruments Incorporated (NASDAQ:TXN) shares sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.5% in the second quarter, Holdings Channel reports. The firm owned 9,538 shares of the semiconductor company’s stock after selling 144 shares during the period. Texas Instruments makes up approximately 1.8% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 28th biggest position. Holdings held by Weaver C. Barksdale & Associates Inc. in Texas Instruments were worth $1,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the first quarter worth $32,000. Finally, Fortis Group Advisors LLC lifted its position in Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares during the period. 84.99% of the shares are currently held by hedge funds and other institutional investors.

Texas Instruments trading rose 3.4%

Shares of TXN stock opened at $207.60 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49, and a current ratio of 4.62. The stock’s fifty day moving average is $200.75, and the two hundred day moving average is $189.63. The firm has a market cap of $189.55 billion, a P/E ratio of 32.39, a PEG ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was down 15.6% year over year. During the same period last year, the company posted earnings per share of $1.87. research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared 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 was Wednesday, July 31. This represents an annualized dividend of $5.20 and a dividend yield of 2.50%. Texas Instruments’ payout ratio is 81.12%.

Indoor activity

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’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 transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 over the last 90 days. Company insiders own 0.68% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities research analysts have weighed in on TXN shares. Goldman Sachs Group upped their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Barclays raised their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th . Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $204.67, according to MarketBeat.

Get the latest research report on Texas Instruments

About Texas Instruments

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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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