Texas Instruments Incorporated $TXN Stock Sold by Welch Group LLC

Welch Group LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,500 shares of the semiconductor company’s stock after selling 3,012 shares during the period. Texas Instruments comprises 2.4% of Welch Group LLC’s investment portfolio, making the stock its 13th largest position. Welch Group LLC’s holdings in Texas Instruments were worth $70,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC purchased a new position in Texas Instruments during the first quarter valued at $29,000. Creative Capital Management Investments LLC boosted its stake in Texas Instruments by 167.5% during the third quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. Kilter Group LLC purchased a new stake in Texas Instruments during the second quarter valued at $31,000. Main Street Group LTD purchased a new position in Texas Instruments during the first quarter worth $32,000. Finally, Nvwm LLC lifted its stake 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 during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $300.84 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The stock has a market capitalization of $274.90 billion, a PE ratio of 39.02, a P/E/G ratio of 1.49 and a beta of 1.35. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a fifty day moving average of $275.66 and a two-hundred day moving average of $258.76.

Texas Instruments (NASDAQ:TXN) last released its 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. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 8.89 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s payout ratio is currently 78.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TXN shares. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. The Goldman Sachs Group restated a “sell” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Thursday, October 22nd. Freedom Broker upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and boosted their target price for the company from $260.00 to $330.00 in a research report on Thursday, October 22nd. Morgan Stanley boosted their target price on shares of Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Finally, Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.37.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 4,306 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $302.46, for a total transaction of $1,302,392.76. Following the completion of the sale, the director owned 11,341 shares of the company’s stock, valued at approximately $3,430,198.86. This represents a 27.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 4,532 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $301.56, for a total transaction of $1,366,669.92. Following the completion of the sale, the director owned 34,487 shares of the company’s stock, valued at approximately $10,399,899.72. The trade was a 11.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 27,968 shares of company stock valued at $8,236,892. Corporate insiders own 0.60% of the company’s stock.

Texas Instruments Profile

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.