Texas Instruments Incorporated $TXN Stock Acquired by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 220.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,532 shares of the semiconductor company’s stock after acquiring an additional 8,620 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Texas Instruments were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Putney Financial Group LLC bought a new position in shares of Texas Instruments in the third quarter worth $28,000. Kilter Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at $31,000. Creative Capital Management Investments LLC raised its stake in shares of Texas Instruments by 167.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 67 shares during the period. Nvwm LLC raised its stake in shares of Texas Instruments by 550.0% during the 3rd quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 99 shares during the period. Finally, Addison Advisors LLC purchased a new stake in Texas Instruments during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 6,065 shares of Texas Instruments stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total transaction of $1,832,903.65. Following the completion of the sale, the director owned 21,600 shares in the company, valued at approximately $6,527,736. This trade represents a 21.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 6,065 shares of the business’s stock in a transaction dated 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 directly owned 15,462 shares of the company’s stock, valued at $4,799,250.18. The trade was a 28.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,968 shares of company stock worth $8,236,892. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Freedom Broker raised Texas Instruments from a “hold” rating to a “buy” rating and lifted their target price for the company from $260.00 to $330.00 in a report on Thursday, October 22nd. Benchmark upped their price target on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Thursday, October 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Moderate Buy” and a consensus price target of $315.37.

Texas Instruments Trading Up 6.6%

Texas Instruments stock opened at $295.73 on Tuesday. The stock has a market cap of $270.23 billion, a P/E ratio of 38.36, a PEG ratio of 1.54 and a beta of 1.39. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The firm’s fifty day moving average price is $279.80 and its 200-day moving average price is $261.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 8.97 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. Shareholders of record on Friday, October 30th will be paid a $1.52 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a yield of 2.1%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio is currently 78.86%.

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.