Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,622 shares of the semiconductor company’s stock after selling 614 shares during the period. Brighton Jones LLC’s holdings in Texas Instruments were worth $2,607,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TXN. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Norwood Financial Corp acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $32,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $43,000. Tradewinds Capital Management LLC boosted its position in Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in Texas Instruments during the 1st quarter worth $44,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 4.0 %

Shares of NASDAQ:TXN opened at $201.74 on Thursday. The stock has a market capitalization of $184.20 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a 50 day moving average price of $203.43 and a 200 day moving average price of $194.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s payout ratio is 96.65%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s 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 transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Bank of America reduced their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays cut their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Company Profile

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.