Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Bell Bank

Bell Bank grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,602 shares of the semiconductor company’s stock after acquiring an additional 53 shares during the quarter. Bell Bank’s holdings in Texas Instruments were worth $331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% in 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. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the 3rd quarter worth about $39,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments during the 3rd quarter valued at about $43,000. Friedenthal Financial acquired a new position in shares of Texas Instruments in the second quarter valued at about $50,000. Finally, Beacon Capital Management LLC raised its stake in shares of Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $205.72 on Thursday. The business’s 50 day moving average price is $204.20 and its 200-day moving average price is $199.21. Texas Instruments Incorporated has a 1 year low of $148.91 and a 1 year high of $220.38. 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 firm has a market capitalization of $187.66 billion, a PE ratio of 38.24, a P/E/G ratio of 4.65 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, equities research analysts expect 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 issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Jefferies Financial Group upped their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays lowered their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Three 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $206.95.

Insiders Place Their Bets

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction 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 $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade 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 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.