Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,335 shares of the semiconductor company’s stock after selling 141 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Texas Instruments were worth $641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Regentatlantic Capital LLC raised its position in shares of Texas Instruments by 8.6% during the 2nd quarter. Regentatlantic Capital LLC now owns 37,597 shares of the semiconductor company’s stock worth $7,230,000 after purchasing an additional 2,985 shares during the period. B. Riley Wealth Management Inc. raised its position in shares of Texas Instruments by 8.9% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 3,580 shares of the semiconductor company’s stock worth $688,000 after purchasing an additional 293 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $391,000. Mutual Advisors LLC raised its position in shares of Texas Instruments by 8.2% during the 2nd quarter. Mutual Advisors LLC now owns 8,164 shares of the semiconductor company’s stock worth $1,570,000 after purchasing an additional 622 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Texas Instruments by 2.4% during the 2nd quarter. Eqis Capital Management Inc. now owns 10,676 shares of the semiconductor company’s stock worth $2,053,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 82.51% of the company’s stock.

In other Texas Instruments news, Director Jean M. Hobby sold 900 shares of Texas Instruments stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total transaction of $172,836.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,399 shares of Texas Instruments stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the sale, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at approximately $3,165,424.24. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

TXN has been the subject of a number of recent analyst reports. Rosenblatt Securities increased their price objective on Texas Instruments from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 22nd. Summit Redstone lowered Texas Instruments to a “hold” rating in a report on Thursday, July 22nd. KeyCorp increased their price objective on Texas Instruments from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, July 6th. Longbow Research lowered Texas Instruments from a “buy” rating to a “neutral” rating in a research note on Monday, September 20th. Finally, Raymond James increased their price target on Texas Instruments from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $203.88.

Shares of TXN opened at $200.65 on Friday. The stock has a market cap of $185.24 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.59 and a beta of 1.01. The company has a quick ratio of 4.23, a current ratio of 5.08 and a debt-to-equity ratio of 0.52. Texas Instruments Incorporated has a 12 month low of $134.75 and a 12 month high of $200.92. The company has a 50-day moving average price of $190.29 and a two-hundred day moving average price of $187.67.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. Texas Instruments had a net margin of 40.12% and a return on equity of 69.28%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. Texas Instruments’s quarterly revenue was up 41.4% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 7.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Monday, November 1st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, October 29th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.02. Texas Instruments’s payout ratio is 68.34%.

About Texas Instruments

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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