Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Lowered by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,834 shares of the semiconductor company’s stock after selling 2,052 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Texas Instruments were worth $18,557,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Schubert & Co acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at $201,000. Slow Capital Inc. boosted its stake in shares of Texas Instruments by 2.8% during the 3rd quarter. Slow Capital Inc. now owns 18,576 shares of the semiconductor company’s stock valued at $3,837,000 after buying an additional 499 shares during the period. NovaPoint Capital LLC boosted its stake in shares of Texas Instruments by 1.1% during the 3rd quarter. NovaPoint Capital LLC now owns 23,476 shares of the semiconductor company’s stock valued at $4,849,000 after buying an additional 257 shares during the period. Blue Trust Inc. boosted its stake in shares of Texas Instruments by 13.4% during the 3rd quarter. Blue Trust Inc. now owns 17,626 shares of the semiconductor company’s stock valued at $3,429,000 after buying an additional 2,082 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of Texas Instruments by 0.6% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 250,422 shares of the semiconductor company’s stock valued at $51,730,000 after buying an additional 1,558 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXN. Morgan Stanley lifted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Barclays lifted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Monday, October 14th. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $207.15.

Insider Transactions at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % 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, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $0.17 on Friday, hitting $198.47. 4,029,545 shares of the company were exchanged, compared to its average volume of 5,446,918. The company’s 50 day moving average price is $203.30 and its two-hundred day moving average price is $194.22. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. 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 firm has a market capitalization of $180.70 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 4.54 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments’s payout ratio is presently 84.87%.

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.