Lake Street Advisors Group LLC Sells 120 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lake Street Advisors Group LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,989 shares of the semiconductor company’s stock after selling 120 shares during the period. Lake Street Advisors Group LLC’s holdings in Texas Instruments were worth $3,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gryphon Financial Partners LLC grew its stake in Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after purchasing an additional 1,870 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Texas Instruments in the fourth quarter valued at $1,624,000. Kovitz Investment Group Partners LLC increased its holdings in Texas Instruments by 2.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,439 shares of the semiconductor company’s stock worth $1,779,000 after buying an additional 248 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Texas Instruments by 236.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,135 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new stake in Texas Instruments in the fourth quarter valued at $83,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective 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. Wells Fargo & Company began coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Morgan Stanley raised their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, KeyCorp boosted their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $204.67.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $197.45 on Friday. The stock has a market cap of $180.28 billion, a P/E ratio of 30.80, a P/E/G ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a 50 day moving average of $200.50 and a 200 day moving average of $187.40. 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 issued 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 firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue was down 15.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on 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 directly owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by company insiders.

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.