Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by YorkBridge Wealth Partners LLC

YorkBridge Wealth Partners LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,053 shares of the semiconductor company’s stock after selling 536 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Texas Instruments were worth $1,391,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. boosted its holdings in Texas Instruments by 280.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. Rather & Kittrell Inc. bought a new stake in Texas Instruments in the fourth quarter valued at about $30,000. Blume Capital Management Inc. bought a new position in shares of Texas Instruments during the first quarter valued at approximately $33,000. IAG Wealth Partners LLC boosted its position in shares of Texas Instruments by 62.0% during the fourth quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock worth $37,000 after buying an additional 75 shares during the period. Finally, First PREMIER Bank acquired a new stake in Texas Instruments in the first quarter worth approximately $37,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Texas Instruments news, VP Mark T. Roberts sold 2,048 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total value of $363,520.00. Following the transaction, the vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the sale, the vice president now owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the sale, the vice president now owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The disclosure for this sale can be found here. Insiders sold 57,415 shares of company stock valued at $10,241,311 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Texas Instruments from $162.00 to $148.00 in a research note on Friday, July 15th. Citigroup increased their target price on shares of Texas Instruments from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Bank of America lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $190.00 to $175.00 in a research report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Finally, Morgan Stanley increased their price target on shares of Texas Instruments from $155.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Stock Down 0.4 %

Shares of TXN stock opened at $162.62 on Friday. The stock has a 50 day moving average of $171.17 and a 200 day moving average of $169.54. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48. The stock has a market cap of $148.59 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.87 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $202.26.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.07 by $0.38. Texas Instruments had a return on equity of 64.02% and a net margin of 43.78%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.53 billion. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 9.35 EPS for the current year.

Texas Instruments declared that its Board of Directors has initiated a share buyback program on Thursday, September 15th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 10.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio is currently 50.33%.

Texas Instruments Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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