LPL Financial LLC Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

LPL Financial LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,519 shares of the semiconductor company’s stock after buying an additional 29,535 shares during the period. LPL Financial LLC owned 0.07% of Texas Instruments worth $123,429,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TXN. KCM Investment Advisors LLC lifted its stake in shares of Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in shares of Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares in the last quarter. Lansing Street Advisors increased its holdings in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC grew its holdings in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TXN. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a report on Friday. They set an “equal weight” rating and a $215.00 price target for the company. Morgan Stanley upped their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Barclays cut their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $210.05.

Insider Buying and Selling

In other 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 completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,968 shares of company stock worth $3,126,464. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 0.1 %

TXN opened at $198.00 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market capitalization of $180.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. The business has a fifty day moving average price of $204.45 and a 200 day moving average price of $200.25. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

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.