Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by DMC Group LLC

DMC Group LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,179 shares of the semiconductor company’s stock after selling 115 shares during the quarter. DMC Group LLC’s holdings in Texas Instruments were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Park Avenue Securities LLC grew its holdings in shares of Texas Instruments by 0.8% in the first quarter. Park Avenue Securities LLC now owns 10,893 shares of the semiconductor company’s stock valued at $1,898,000 after purchasing an additional 88 shares in the last quarter. Douglas Lane & Associates LLC increased its position in shares of Texas Instruments by 9.2% during the first quarter. Douglas Lane & Associates LLC now owns 2,098 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 176 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at $153,000. Northwest Investment Counselors LLC boosted its holdings in Texas Instruments by 0.6% in the first quarter. Northwest Investment Counselors LLC now owns 16,794 shares of the semiconductor company’s stock valued at $2,926,000 after purchasing an additional 107 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Texas Instruments by 58.6% during the 1st quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock worth $299,000 after purchasing an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $198.47 on Friday. The company’s 50 day simple moving average is $203.30 and its 200-day simple moving average is $194.39. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a market cap of $180.70 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.82 billion. During the same period in the previous year, the business posted $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. Morgan Stanley increased their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Monday, October 14th. Finally, KeyCorp boosted their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $207.15.

Insider Buying and Selling at Texas Instruments

In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $6,035,956.60. This 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 is available through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. 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, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by 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.