Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by 49 Wealth Management LLC

49 Wealth Management LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 21.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,905 shares of the semiconductor company’s stock after acquiring an additional 332 shares during the period. 49 Wealth Management LLC’s holdings in Texas Instruments were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after purchasing an additional 36,441 shares during the period. Legal & General Group Plc increased its holdings in Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after purchasing an additional 64,067 shares during the period. Van ECK Associates Corp raised its position in Texas Instruments by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock valued at $1,244,381,000 after purchasing an additional 212,888 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Texas Instruments by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock worth $778,750,000 after buying an additional 129,717 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.2 %

Shares of Texas Instruments stock opened at $197.86 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The business has a 50-day moving average of $204.49 and a 200-day moving average of $200.14. The company has a market capitalization of $180.49 billion, a PE ratio of 36.78, a P/E/G ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.80 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Finally, Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This trade represents a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,968 shares of company stock worth $3,126,464 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

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.