HighTower Advisors LLC Acquires 65,415 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

HighTower Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 760,062 shares of the semiconductor company’s stock after purchasing an additional 65,415 shares during the period. HighTower Advisors LLC’s holdings in Texas Instruments were worth $156,950,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its holdings in shares of Texas Instruments by 3.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 49 shares during the period. KCM Investment Advisors LLC lifted its holdings in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after acquiring an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares during the period. Lansing Street Advisors lifted its holdings in shares of Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 51 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after acquiring an additional 52 shares during the period. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. 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. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI upped their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Stock Up 0.4 %

Shares of NASDAQ TXN opened at $201.78 on Tuesday. The firm has a market cap of $184.07 billion, a PE ratio of 37.51, a P/E/G ratio of 4.40 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $154.02 and a 12-month high of $220.38. The company’s fifty day simple moving average is $204.29 and its 200 day simple moving average is $200.89. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating 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 last 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. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm 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 represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.