Austin Private Wealth LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Austin Private Wealth LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,871 shares of the semiconductor company’s stock after selling 195 shares during the period. Austin Private Wealth LLC’s holdings in Texas Instruments were worth $800,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tsfg LLC grew its position in shares of Texas Instruments by 82.0% during the 3rd 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 period. McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the third quarter valued at $43,000. Friedenthal Financial purchased a new stake in Texas Instruments in the second quarter worth $50,000. Beacon Capital Management LLC raised its stake in shares of Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 98 shares during the period. Finally, Baldwin Brothers LLC MA lifted its position in shares of Texas Instruments by 121.3% during the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 165 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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 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 approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction 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 owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $5,341,235 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TXN shares. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial dropped their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Trading Down 0.4 %

NASDAQ TXN traded down $0.79 on Tuesday, hitting $202.87. The company’s stock had a trading volume of 573,040 shares, compared to its average volume of 5,457,771. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52-week low of $143.08 and a 52-week high of $214.66. The firm has a market cap of $185.06 billion, a P/E ratio of 37.41, a PEG ratio of 4.48 and a beta of 0.99. The company’s 50-day simple moving average is $203.72 and its 200 day simple moving average is $197.33.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.