Texas Instruments Incorporated $TXN Stock: Torray Investment Partners LLC Grows Holdings

Torray Investment Partners LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 34.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,785 shares of the semiconductor company’s stock after purchasing an additional 22,890 shares during the quarter. Texas Instruments comprises approximately 3.3% of Torray Investment Partners LLC’s portfolio, making the stock its 8th largest holding. Torray Investment Partners LLC’s holdings in Texas Instruments were worth $24,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kilter Group LLC purchased a new stake in shares of Texas Instruments in the second quarter valued at approximately $31,000. Creative Capital Management Investments LLC lifted its position 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 worth $30,000 after buying an additional 67 shares in the last quarter. Nvwm LLC lifted its position in Texas Instruments by 550.0% during the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock worth $33,000 after buying an additional 99 shares in the last quarter. Addison Advisors LLC purchased a new position in Texas Instruments during the second quarter worth approximately $38,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Texas Instruments during the third quarter worth $36,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 3.5%

TXN stock opened at $312.48 on Wednesday. The firm has a market cap of $285.53 billion, a PE ratio of 40.53, a PEG ratio of 1.50 and a beta of 1.39. 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 firm’s 50 day moving average price is $277.49 and its 200-day moving average price is $259.93. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 8.89 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a $1.52 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 78.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXN. UBS Group dropped their target price on Texas Instruments from $380.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. KeyCorp lifted their price target on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Rosenblatt Securities boosted their price target on shares of Texas Instruments from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price target on the stock in a research report on Wednesday, October 28th. Finally, Morgan Stanley upped their price objective on shares of Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Moderate Buy” and a consensus target price of $315.37.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 6,065 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $310.39, for a total value of $1,882,515.35. Following the transaction, the director owned 15,462 shares of the company’s stock, valued at $4,799,250.18. This represents a 28.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Sanchez sold 6,065 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total value of $1,832,903.65. Following the transaction, the director owned 21,600 shares of the company’s stock, valued at approximately $6,527,736. This represents a 21.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is currently owned by company insiders.

Texas Instruments Company 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.