Callahan Advisors LLC Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Callahan Advisors LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,689 shares of the semiconductor company’s stock after selling 78 shares during the period. Callahan Advisors LLC’s holdings in Texas Instruments were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Security Advisor Inc. boosted its stake in Texas Instruments by 1.1% during the 3rd quarter. Financial Security Advisor Inc. now owns 6,742 shares of the semiconductor company’s stock valued at $1,393,000 after purchasing an additional 76 shares during the last quarter. Catalina Capital Group LLC lifted its holdings in shares of Texas Instruments by 8.5% during the 3rd quarter. Catalina Capital Group LLC now owns 3,507 shares of the semiconductor company’s stock valued at $724,000 after buying an additional 276 shares during the period. Balentine LLC lifted its holdings in shares of Texas Instruments by 4.3% during the 3rd quarter. Balentine LLC now owns 1,844 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 76 shares during the period. Long Run Wealth Advisors LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at $1,241,000. Finally, Fiduciary Family Office LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at $619,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays lowered 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, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $206.95.

Insiders Place Their Bets

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’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 sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Haviv Ilan sold 1,200 shares of the company’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 of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % 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 over the last ninety days. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Down 0.6 %

Shares of TXN stock opened at $202.46 on Wednesday. Texas Instruments Incorporated has a 12-month low of $143.08 and a 12-month high of $214.66. 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’s 50-day moving average price is $203.55 and its 200-day moving average price is $197.63. The stock has a market capitalization of $184.69 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 4.45 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The business also recently disclosed 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 a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Texas Instruments 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.