Vision Capital Management Inc. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Vision Capital Management Inc. cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,980 shares of the semiconductor company’s stock after selling 562 shares during the quarter. Vision Capital Management Inc.’s holdings in Texas Instruments were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments during the first quarter valued at $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the 1st quarter valued at about $32,000. Finally, Fortis Group Advisors LLC boosted its stake in shares of Texas Instruments by 100.0% during the 4th 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 stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $201.17 on Tuesday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year 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. The firm has a market cap of $183.68 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99. The business’s 50 day moving average is $200.63 and its 200-day moving average is $187.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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 business had revenue of $3.82 billion for 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%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the SEC, which is available through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, 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 legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXN. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Rosenblatt Securities lifted their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. KeyCorp upped their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays increased their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” 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.com, the stock presently has an average rating of “Hold” and an average price target of $204.67.

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.