GHP Investment Advisors Inc. Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

GHP Investment Advisors Inc. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,316 shares of the semiconductor company’s stock after buying an additional 1,479 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Texas Instruments were worth $9,981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Tsfg LLC boosted its stake in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of 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 acquiring an additional 101 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at about $43,000. Kathleen S. Wright Associates Inc. acquired a new stake in Texas Instruments during the first quarter worth about $44,000. Finally, Friedenthal Financial purchased a new position in Texas Instruments during the second quarter worth about $50,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred 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 owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last ninety days. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. KeyCorp raised their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday. Three research 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Stock Up 0.2 %

TXN stock traded up $0.32 during mid-day trading on Friday, reaching $206.93. The company had a trading volume of 5,103,208 shares, compared to its average volume of 5,498,058. The firm has a fifty day simple moving average of $203.65 and a 200 day simple moving average of $195.33. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market capitalization of $188.41 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

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.