Wedbush Securities Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% during the second quarter, HoldingsChannel.com reports. The fund owned 8,695 shares of the semiconductor company’s stock after selling 356 shares during the quarter. Wedbush Securities Inc.’s holdings in Texas Instruments were worth $998,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Farmers National Bank acquired a new stake in Texas Instruments in the first quarter valued at approximately $35,000. Icon Wealth Partners LLC acquired a new position in shares of Texas Instruments during the first quarter worth $37,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the period. Shine Investment Advisory Services Inc. lifted its holdings in shares of Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Texas Instruments during the first quarter worth $46,000. 85.91% of the stock is currently owned by institutional investors and hedge funds.

In other Texas Instruments news, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the completion of the sale, the chief financial officer now directly owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ellen Barker sold 17,500 shares of Texas Instruments stock in a transaction on Friday, July 26th. The shares were sold at an average price of $128.15, for a total transaction of $2,242,625.00. Following the completion of the sale, the insider now directly owns 47,660 shares of the company’s stock, valued at $6,107,629. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,251,117 shares of company stock valued at $159,473,823. Insiders own 0.89% of the company’s stock.

TXN stock traded up $0.24 during midday trading on Wednesday, hitting $120.32. The stock had a trading volume of 852,942 shares, compared to its average volume of 5,330,719. The firm has a market cap of $111.57 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.28 and a beta of 1.25. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37. The company’s fifty day moving average price is $119.73.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. Texas Instruments’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were issued a $0.77 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.56%. Texas Instruments’s payout ratio is 56.83%.

A number of brokerages have recently commented on TXN. Wells Fargo & Co cut their price target on shares of Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Credit Suisse Group lifted their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price target on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $118.74.

Texas Instruments Profile

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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