Abound Wealth Management Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Abound Wealth Management lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 252.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 504 shares of the semiconductor company’s stock after buying an additional 361 shares during the period. Abound Wealth Management’s holdings in Texas Instruments were worth $98,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors lifted its holdings in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Franklin Resources Inc. boosted its position in Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Van ECK Associates Corp raised its position in Texas Instruments by 6.2% in the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after purchasing an additional 348,528 shares during the period. Finally, FIL Ltd lifted its stake in shares of Texas Instruments by 6.6% during the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company’s stock worth $828,764,000 after purchasing an additional 301,735 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Evercore ISI boosted their price target on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. 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 research note on Wednesday, July 24th. Finally, Rosenblatt Securities increased their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Three 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 company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Stock Performance

TXN opened at $199.93 on Monday. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The stock has a market cap of $182.55 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The business’s 50 day moving average is $200.69 and its 200-day moving average is $188.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the prior year, the business posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

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.