Chicago Capital LLC Has $1.64 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Chicago Capital LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,432 shares of the semiconductor company’s stock after selling 2,037 shares during the period. Chicago Capital LLC’s holdings in Texas Instruments were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the last quarter. Capital Research Global Investors increased its holdings in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Franklin Resources Inc. raised its position in Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares in the last quarter. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at about $1,649,592,000. Finally, Van ECK Associates Corp increased its position in Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after buying an additional 348,528 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Instruments news, 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 value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the business’s 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 directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 2.0 %

Shares of NASDAQ:TXN traded down $4.10 during mid-day trading on Friday, hitting $197.45. The company had a trading volume of 6,314,390 shares, compared to its average volume of 5,550,251. The company has a market capitalization of $180.28 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The firm has a fifty day moving average price of $200.50 and a 200 day moving average price of $187.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

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, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TXN. Rosenblatt Securities lifted their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $204.67.

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.