Sanders Morris Harris LLC Has $229,000 Holdings in Texas Instruments Incorporated $TXN

Key Points

• Sanders Morris Harris LLC significantly reduced its stake in Texas Instruments by 83.6%, now holding only $229,000 worth of shares after selling 5,605 shares in the second quarter.
• Various institutional investors have increased their holdings in Texas Instruments, contributing to institutional ownership reaching 84.99% of the company's stock.
• Texas Instruments announced a quarterly dividend increase from $1.36 to $1.42 per share, with an ex-dividend date set for October 31st.

Sanders Morris Harris LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 83.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,102 shares of the semiconductor company's stock after selling 5,605 shares during the period. Sanders Morris Harris LLC's holdings in Texas Instruments were worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Woodmont Investment Counsel LLC increased its holdings in shares of Texas Instruments by 2.9% during the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company's stock worth $343,000 after buying an additional 47 shares in the last quarter. Confluence Wealth Services Inc. increased its holdings in Texas Instruments by 0.4% in the second quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company's stock valued at $2,283,000 after purchasing an additional 48 shares during the period. Acropolis Investment Management LLC increased its holdings in Texas Instruments by 2.9% in the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company's stock valued at $389,000 after purchasing an additional 52 shares during the period. Proathlete Wealth Management LLC increased its holdings in Texas Instruments by 1.4% in the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company's stock valued at $782,000 after purchasing an additional 53 shares during the period. Finally, Trivium Point Advisory LLC increased its holdings in Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 54 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Ahmad Bahai sold 1,500 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president owned 38,883 shares of the company's stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on TXN shares. Stifel Nicolaus decreased their price objective on Texas Instruments from $192.00 to $185.00 and set a "hold" rating for the company in a report on Friday. KeyCorp increased their price objective on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. The Goldman Sachs Group began coverage on Texas Instruments in a report on Thursday, July 10th. They set a "buy" rating and a $255.00 price target for the company. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $209.47.

Texas Instruments Price Performance

TXN stock opened at $179.59 on Tuesday. The stock has a market capitalization of $163.27 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01. The company's 50-day moving average is $187.17 and its 200-day moving average is $185.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. This is a boost from Texas Instruments's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. Texas Instruments's payout ratio is currently 99.63%.

Texas Instruments Profile

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.

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