Atlanta Consulting Group Advisors LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,939 shares of the semiconductor company’s stock, valued at approximately $401,000.

Several other large investors have also recently modified their holdings of the stock. Tsfg LLC lifted its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter valued at $39,000. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments in the 3rd quarter worth about $43,000. Friedenthal Financial purchased a new position in Texas Instruments in the 2nd quarter worth about $50,000. Finally, Baldwin Brothers LLC MA lifted its stake in Texas Instruments by 121.3% during the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Susquehanna reduced their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Bank of America lowered their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $206.95.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were 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 represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 2.4 %

NASDAQ TXN opened at $201.12 on Monday. Texas Instruments Incorporated has a 12 month low of $150.81 and a 12 month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $183.47 billion, a PE ratio of 37.38, a P/E/G ratio of 4.40 and a beta of 0.99. The stock’s 50 day moving average is $204.39 and its 200 day moving average is $199.79.

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

Texas Instruments Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. Texas Instruments’s payout ratio is presently 101.12%.

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.