Harvey Investment Co. LLC Purchases New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Harvey Investment Co. LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,016 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently bought and sold shares of the company. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Norwood Financial Corp bought a new position in shares of Texas Instruments in the 1st quarter valued at about $32,000. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $43,000. Tradewinds Capital Management LLC grew its position in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Texas Instruments during the first quarter worth approximately $44,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 0.2 %

NASDAQ:TXN opened at $202.23 on Thursday. The company has a market cap of $184.65 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The business has a 50 day moving average price of $203.43 and a two-hundred day moving average price of $194.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 96.65%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the company’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 value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company’s stock.

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.