Texas Instruments Incorporated $TXN Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,852 shares of the semiconductor company’s stock after selling 50,520 shares during the quarter. WestEnd Advisors LLC’s holdings in Texas Instruments were worth $36,371,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new position in Texas Instruments in the second quarter valued at about $31,000. Nvwm LLC raised its holdings in Texas Instruments by 550.0% in the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 99 shares in the last quarter. Addison Advisors LLC purchased a new stake in shares of Texas Instruments during the second quarter valued at about $38,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Texas Instruments during the third quarter valued at about $36,000. Finally, Caitlin John LLC purchased a new stake in shares of Texas Instruments during the second quarter valued at about $41,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Texas Instruments from $380.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. Weiss Ratings lowered shares of Texas Instruments from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Wall Street Zen raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Susquehanna restated a “positive” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $315.90.

Insider Activity

In other news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Trending Headlines about Texas Instruments

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Earnings beat and solid outlook: Texas Instruments reported third-quarter revenue of $6.055 billion and diluted EPS of $2.62, exceeding estimates of $5.94 billion and $2.40, respectively. Revenue increased 27.7% year over year. Fourth-quarter guidance of $5.80 billion-$6.30 billion in revenue and $2.45-$2.79 in EPS reinforced expectations for continued demand. Earnings Beat Might Change Texas Instruments Stock Narrative
• Positive Sentiment: Data-center demand remains strong: CEO commentary indicated that data-center demand is still growing rather than slowing, supporting optimism for TXN’s analog and embedded-chip businesses. Texas Instruments CEO sees no slowdown in data center demand
• Positive Sentiment: Analyst estimates and technical momentum improved: Earnings-estimate revisions moved higher, while TXN broke above its 20-day moving average and cleared an early technical buy point. These signals may attract momentum-oriented investors. Earnings Estimates Moving Higher for Texas Instruments
• Positive Sentiment: Institutional demand: Texas Instruments reportedly received $84.6 million in net ETF buying on October 23, providing an additional source of market support. Texas Instruments Sees $84.6 Million in Net ETF Buying

Texas Instruments Price Performance

NASDAQ TXN opened at $308.91 on Wednesday. The stock’s fifty day moving average price is $273.30 and its 200 day moving average price is $256.99. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. The business’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 8.85 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $1.52 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a dividend yield of 2.0%.

About Texas Instruments

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.