Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 250,422 shares of the semiconductor company’s stock after acquiring an additional 1,558 shares during the period. Texas Instruments makes up about 2.4% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 19th largest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Texas Instruments were worth $51,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Wedmont Private Capital increased its position in Texas Instruments by 15.1% during the first quarter. Wedmont Private Capital now owns 4,427 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 582 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Texas Instruments by 0.8% during the first quarter. Park Avenue Securities LLC now owns 10,893 shares of the semiconductor company’s stock worth $1,898,000 after buying an additional 88 shares during the period. RFG Advisory LLC grew its position in Texas Instruments by 5.9% in the 1st quarter. RFG Advisory LLC now owns 18,895 shares of the semiconductor company’s stock valued at $3,292,000 after acquiring an additional 1,047 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in Texas Instruments by 9.2% during the 1st quarter. Douglas Lane & Associates LLC now owns 2,098 shares of the semiconductor company’s stock worth $365,000 after buying an additional 176 shares during the period. Finally, Bright Rock Capital Management LLC increased its position in shares of Texas Instruments by 34.1% during the first quarter. Bright Rock Capital Management LLC now owns 59,000 shares of the semiconductor company’s stock worth $10,278,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated 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 in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TXN. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Barclays boosted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $207.15.

Texas Instruments Trading Up 0.1 %

Shares of Texas Instruments stock opened at $198.47 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market capitalization of $180.70 billion, a P/E ratio of 30.96, a PEG ratio of 4.54 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company’s fifty day moving average is $203.30 and its two-hundred day moving average is $194.22.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company posted $1.87 earnings per share. The business’s revenue was down 15.6% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis 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 presently 84.87%.

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.