Romano Brothers AND Company Sells 135 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Romano Brothers AND Company cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,639 shares of the semiconductor company’s stock after selling 135 shares during the quarter. Romano Brothers AND Company’s holdings in Texas Instruments were worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Fairfield Bush & CO. purchased a new stake in shares of Texas Instruments in the first quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Texas Instruments by 32.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after acquiring an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Texas Instruments by 7.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new stake in Texas Instruments in the first quarter worth $337,000. Finally, Bridgefront Capital LLC purchased a new stake in Texas Instruments in the first quarter worth $315,000. 83.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. Mizuho cut their price target on Texas Instruments from $185.00 to $181.00 in a report on Wednesday, July 26th. Susquehanna reissued a “positive” rating and set a $215.00 price objective on shares of Texas Instruments in a research note on Monday. UBS Group lowered their price target on Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Stifel Nicolaus raised their price target on Texas Instruments from $170.00 to $180.00 in a research report on Wednesday, July 26th. Finally, Wolfe Research assumed coverage on Texas Instruments in a research report on Wednesday, July 19th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $185.32.

Texas Instruments Trading Down 0.1 %

NASDAQ:TXN traded down $0.10 during mid-day trading on Tuesday, reaching $162.73. 1,067,682 shares of the company’s stock traded hands, compared to its average volume of 5,077,091. Texas Instruments Incorporated has a 12-month low of $145.97 and a 12-month high of $188.12. The firm has a market capitalization of $147.75 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.72 and a quick ratio of 4.35. The company has a 50 day moving average price of $172.20 and a 200-day moving average price of $173.18.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The business’s revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 7.34 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $1.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.05%. Texas Instruments’s dividend payout ratio is currently 59.62%.

Insider Transactions at Texas Instruments

In other news, Director Carrie Smith Cox sold 16,055 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the sale, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the transaction, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the transaction, the director now directly owns 32,662 shares in the company, valued at $5,857,603.08. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.