Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 13,794 shares of the semiconductor company’s stock after acquiring an additional 184 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Texas Instruments were worth $2,683,000 at the end of the most recent reporting period.

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

Insider Transactions at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 approximately $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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 directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of the 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 completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. 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 the stock is currently owned by company insiders.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock traded down $5.24 on Tuesday, reaching $209.10. 372,259 shares of the company were exchanged, compared to its average volume of 5,506,867. The stock’s 50 day moving average price is $199.92 and its 200-day moving average price is $186.63. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. 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 has a market cap of $190.92 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The company also recently declared 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. This represents a $5.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Stifel Nicolaus boosted their price target on shares of 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 increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $204.67.

About Texas Instruments

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.