Lyell Wealth Management LP Cuts Stake in Texas Instruments Incorporated $TXN

Lyell Wealth Management LP cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,768 shares of the semiconductor company’s stock after selling 78 shares during the quarter. Lyell Wealth Management LP’s holdings in Texas Instruments were worth $575,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC grew its stake in shares of Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock valued at $11,462,000 after buying an additional 6,267 shares during the period. Independent Advisor Alliance raised its holdings in shares of Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after purchasing an additional 1,232 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at $326,000. Farther Finance Advisors LLC raised its stake in Texas Instruments by 34.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after acquiring an additional 4,191 shares in the last quarter. Finally, Generate Investment Management Ltd raised its stake in Texas Instruments by 40.0% during the 2nd quarter. Generate Investment Management Ltd now owns 87,796 shares of the semiconductor company’s stock worth $18,228,000 after acquiring an additional 25,105 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 1.7%

NASDAQ TXN opened at $179.59 on Tuesday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a market capitalization of $163.27 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01. The company’s fifty day moving average price is $187.17 and its two-hundred day moving average price is $185.96.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is 99.63%.

Analysts Set New Price Targets

TXN has been the topic of several analyst reports. TD Cowen lowered their target price on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Arete Research raised shares of Texas Instruments to a “hold” rating in a report on Thursday, June 26th. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a report on Thursday, July 10th. They set a “buy” rating and a $255.00 price objective on the stock. UBS Group set a $255.00 price objective on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.47.

Insider Buying and Selling

In other news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.

Texas Instruments Company 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.