Moors & Cabot Inc. Sells 184 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Moors & Cabot Inc. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,363 shares of the semiconductor company’s stock after selling 184 shares during the period. Moors & Cabot Inc.’s holdings in Texas Instruments were worth $2,141,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in Texas Instruments in the third quarter valued at about $45,000. Portfolio Design Labs LLC bought a new position in Texas Instruments in the third quarter valued at about $2,046,000. First Horizon Advisors Inc. grew its position in Texas Instruments by 3.1% in the third quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company’s stock valued at $23,079,000 after acquiring an additional 3,410 shares during the last quarter. Howe & Rusling Inc. bought a new position in Texas Instruments in the third quarter valued at about $476,000. Finally, Kirtland Hills Capital Management LLC grew its position in Texas Instruments by 2.4% in the third quarter. Kirtland Hills Capital Management LLC now owns 10,068 shares of the semiconductor company’s stock valued at $2,080,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of several research reports. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Trading Down 1.4 %

NASDAQ TXN opened at $198.19 on Thursday. The company has a market cap of $180.79 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The business has a 50 day moving average price of $204.45 and a 200-day moving average price of $200.15. 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 announced its quarterly 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. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared 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 represents a $5.44 annualized dividend and a yield of 2.74%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 in the last quarter. 0.68% of the stock is currently owned by company insiders.

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.