Icon Wealth Advisors LLC Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Icon Wealth Advisors LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 30.4% in the third quarter, HoldingsChannel.com reports. The firm owned 26,111 shares of the semiconductor company’s stock after acquiring an additional 6,085 shares during the period. Icon Wealth Advisors LLC’s holdings in Texas Instruments were worth $5,394,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TXN. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 4.2% in 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 last quarter. International Assets Investment Management LLC increased its position in shares of Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after purchasing an additional 609,905 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after purchasing an additional 520,073 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Texas Instruments by 37.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after purchasing an additional 451,862 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $197.86 on Friday. The company’s fifty day moving average price is $204.49 and its 200 day moving average price is $200.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The company has a market capitalization of $180.49 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,968 shares of company stock valued at $3,126,464 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Wells Fargo & Company began coverage on shares of Texas Instruments in a research note on Friday. They issued an “equal weight” rating and a $215.00 target price for the company. Truist Financial cut their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird lowered their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $210.05.

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.