Lucia Wealth Services LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Lucia Wealth Services LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 51.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,818 shares of the semiconductor company’s stock after selling 4,059 shares during the quarter. Lucia Wealth Services LLC’s holdings in Texas Instruments were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TXN. Cordasco Financial Network acquired a new stake in Texas Instruments in the first quarter valued at approximately $27,000. CX Institutional raised its position in Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 140 shares during the period. Farmers National Bank purchased a new stake in Texas Instruments in the first quarter valued at $35,000. Icon Wealth Partners LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at $37,000. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in shares of Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 331 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Several research analysts recently commented on the company. Credit Suisse Group boosted their target price on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a report on Tuesday, April 30th. Charter Equity raised Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective for the company. in a research note on Wednesday, April 17th. Finally, CIBC increased their target price on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and an average price target of $118.74.

Shares of NASDAQ TXN opened at $123.25 on Friday. The firm has a 50 day simple moving average of $117.17. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37. The firm has a market capitalization of $120.60 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

In other Texas Instruments news, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the completion of the sale, the chief financial officer now owns 94,648 shares in the company, valued at approximately $12,116,836.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R Gregory Delagi sold 300,000 shares of Texas Instruments stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $127.55, for a total transaction of $38,265,000.00. Following the completion of the sale, the insider now owns 181,255 shares of the company’s stock, valued at approximately $23,119,075.25. The disclosure for this sale can be found here. In the last three months, insiders sold 1,052,507 shares of company stock valued at $134,609,837. Insiders own 0.89% of the company’s stock.

About Texas Instruments

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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