2,302 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Howe & Rusling Inc.

Howe & Rusling Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,302 shares of the semiconductor company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TXN. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC lifted its holdings in 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 buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter valued at about $39,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments in the 3rd quarter worth about $43,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated 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 sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 1.4 %

Texas Instruments stock opened at $198.19 on Thursday. The business’s 50-day moving average price is $204.45 and its 200 day moving average price is $200.15. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $180.79 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.80 EPS. The business’s revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Analyst Ratings Changes

Several research analysts have commented on TXN shares. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $235.00 in a research 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $206.95.

About Texas Instruments

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.