KCM Investment Advisors LLC Buys 325 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

KCM Investment Advisors LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 10.2% during the second quarter, Holdings Channel.com reports. The fund owned 3,524 shares of the semiconductor company’s stock after buying an additional 325 shares during the period. KCM Investment Advisors LLC’s holdings in Texas Instruments were worth $686,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in shares of Texas Instruments in the 4th quarter valued at about $222,000. First National Advisers LLC grew its holdings in Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 2,059 shares during the period. Nordea Investment Management AB increased its position in Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after buying an additional 636,013 shares during the period. Finally, Advisors Capital Management LLC lifted its position in shares of Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after buying an additional 205,676 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Wells Fargo & Company began coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, August 21st. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $204.67.

Texas Instruments Stock Performance

TXN opened at $214.34 on Friday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a market cap of $195.15 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 4.53 and a beta of 0.99. The company’s fifty day moving average price is $199.13 and its two-hundred day moving average price is $185.48. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the business earned $1.87 EPS. The business’s revenue was down 15.6% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.43%. Texas Instruments’s payout ratio is currently 81.12%.

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.