Caprock Group LLC Acquires 945 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Caprock Group LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,529 shares of the semiconductor company’s stock after acquiring an additional 945 shares during the quarter. Caprock Group LLC’s holdings in Texas Instruments were worth $5,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the third quarter valued at $28,000. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% during 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 bought a new position in Texas Instruments during the third quarter worth about $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter valued at approximately $43,000. Finally, Friedenthal Financial bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $50,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, 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 transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 20,461 shares of the company’s stock, 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. In the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

TXN stock opened at $207.18 on Tuesday. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year 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 firm has a market cap of $188.99 billion, a PE ratio of 38.51, a P/E/G ratio of 4.40 and a beta of 0.99. The business’s 50-day moving average price is $204.51 and its two-hundred day moving average price is $200.01.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $206.95.

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.