Texas Instruments Incorporated $TXN Stock Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,139 shares of the semiconductor company’s stock after buying an additional 9,834 shares during the period. Texas Instruments comprises 2.9% of Kinsale Capital Group Inc.’s holdings, making the stock its 5th largest holding. Kinsale Capital Group Inc.’s holdings in Texas Instruments were worth $21,886,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TXN. Kraft Davis & Associates LLC grew its position in Texas Instruments by 4.4% in the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 35 shares in the last quarter. May Hill Capital LLC increased its stake in Texas Instruments by 3.7% during the third quarter. May Hill Capital LLC now owns 990 shares of the semiconductor company’s stock worth $277,000 after acquiring an additional 35 shares during the last quarter. Aviance Capital Partners LLC raised its position in Texas Instruments by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock valued at $1,052,000 after purchasing an additional 36 shares during the period. International Assets Investment Management LLC raised its position in Texas Instruments by 1.2% during the third quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company’s stock valued at $829,000 after purchasing an additional 36 shares during the period. Finally, HBW Advisory Services LLC raised its position in Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 37 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Truist Financial set a $305.00 target price on Texas Instruments in a report on Thursday, October 22nd. Citigroup restated a “buy” rating on shares of Texas Instruments in a report on Thursday, October 22nd. Benchmark raised their price target on Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Rosenblatt Securities lifted their price objective on shares of Texas Instruments from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $360.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.

Insider Activity

In related news, Director Ronald Kirk sold 6,065 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were 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 trade represents a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 4,306 shares of Texas Instruments 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 sale, the director owned 11,341 shares of the company’s stock, valued at $3,430,198.86. The trade was a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,968 shares of company stock valued at $8,236,892. Insiders own 0.60% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $295.73 on Tuesday. The stock has a 50 day moving average price of $279.80 and a 200 day moving average price of $261.92. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. 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 has a market capitalization of $270.23 billion, a P/E ratio of 38.36, a P/E/G ratio of 1.54 and a beta of 1.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the company posted $1.48 EPS. Texas Instruments’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 8.97 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 10th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s payout ratio is presently 78.86%.

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.