Brave Asset Management Inc. Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Brave Asset Management Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 44.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,734 shares of the semiconductor company’s stock after selling 3,017 shares during the period. Brave Asset Management Inc.’s holdings in Texas Instruments were worth $574,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 85,644,674 shares of the semiconductor company’s stock valued at $15,714,085,000 after acquiring an additional 701,996 shares during the period. BlackRock Inc. grew its position in shares of Texas Instruments by 2.0% during the 1st quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock valued at $13,810,434,000 after acquiring an additional 1,484,246 shares during the period. State Street Corp grew its position in shares of Texas Instruments by 2.9% during the 4th quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after acquiring an additional 1,146,109 shares during the period. Wellington Management Group LLP grew its position in shares of Texas Instruments by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock valued at $5,763,635,000 after acquiring an additional 2,209,099 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Texas Instruments by 2.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,924,982 shares of the semiconductor company’s stock valued at $3,472,355,000 after acquiring an additional 421,129 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the transaction, the vice president now owns 66,822 shares in the company, valued at $11,955,124.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Kyle M. Flessner sold 43,068 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $178.91, for a total value of $7,705,295.88. Following the completion of the sale, the vice president now directly owns 66,822 shares of the company’s stock, valued at $11,955,124.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Patsley sold 12,299 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares of the company’s stock, valued at $5,668,024.32. The disclosure for this sale can be found here. Insiders sold 57,415 shares of company stock worth $10,241,311 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Texas Instruments Stock Down 1.9 %

Shares of TXN stock traded down $3.01 on Friday, reaching $159.61. 177,045 shares of the stock were exchanged, compared to its average volume of 5,638,136. The company has a current ratio of 5.09, a quick ratio of 4.24 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $171.17 and its 200 day moving average price is $169.54. The company has a market capitalization of $145.84 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.87 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $202.26.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.38. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.53 billion. Texas Instruments had a net margin of 43.78% and a return on equity of 64.02%. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 9.35 earnings per share for the current fiscal year.

Texas Instruments announced that its Board of Directors has approved a share repurchase plan on Thursday, September 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, October 28th. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio is currently 50.33%.

Analyst Ratings Changes

TXN has been the topic of a number of analyst reports. Benchmark initiated coverage on Texas Instruments in a research report on Wednesday, June 29th. They set a “buy” rating and a $205.00 target price on the stock. StockNews.com cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Citigroup lifted their price objective on Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Texas Instruments from $175.00 to $160.00 in a report on Wednesday, July 20th. Finally, The Goldman Sachs Group lowered their price objective on Texas Instruments from $162.00 to $148.00 in a report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.19.

Texas Instruments Profile

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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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

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