Chicago Capital LLC Sells 246 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Chicago Capital LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,186 shares of the semiconductor company’s stock after selling 246 shares during the period. Chicago Capital LLC’s holdings in Texas Instruments were worth $1,691,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TXN. Park Avenue Securities LLC raised its stake in shares of Texas Instruments by 0.8% during the first quarter. Park Avenue Securities LLC now owns 10,893 shares of the semiconductor company’s stock valued at $1,898,000 after acquiring an additional 88 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Texas Instruments by 9.2% during the 1st quarter. Douglas Lane & Associates LLC now owns 2,098 shares of the semiconductor company’s stock worth $365,000 after buying an additional 176 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $153,000. Northwest Investment Counselors LLC increased its stake in shares of Texas Instruments by 0.6% in the first quarter. Northwest Investment Counselors LLC now owns 16,794 shares of the semiconductor company’s stock valued at $2,926,000 after buying an additional 107 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in shares of Texas Instruments by 58.6% in the first quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group boosted their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. KeyCorp boosted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $207.15.

Texas Instruments Stock Performance

Shares of TXN opened at $198.47 on Friday. The stock has a 50 day moving average of $203.30 and a 200 day moving average of $194.39. 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 Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a market capitalization of $180.70 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 4.54 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the firm posted $1.87 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders 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 yield of 2.74%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s payout ratio is presently 84.87%.

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.