Nicolet Advisory Services LLC Has $541,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nicolet Advisory Services LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,684 shares of the semiconductor company’s stock after acquiring an additional 138 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Texas Instruments were worth $541,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TXN. Meridian Wealth Management LLC acquired a new stake in shares of Texas Instruments in the third quarter worth $4,481,000. Icon Wealth Advisors LLC lifted its stake in Texas Instruments by 30.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 26,111 shares of the semiconductor company’s stock worth $5,394,000 after acquiring an additional 6,085 shares in the last quarter. Telemark Asset Management LLC boosted its position in Texas Instruments by 133.3% during the 3rd quarter. Telemark Asset Management LLC now owns 70,000 shares of the semiconductor company’s stock worth $14,460,000 after acquiring an additional 40,000 shares during the period. Allen Capital Group LLC purchased a new position in Texas Instruments during the 3rd quarter valued at about $251,000. Finally, 49 Wealth Management LLC increased its holdings in shares of Texas Instruments by 21.1% in the 3rd quarter. 49 Wealth Management LLC now owns 1,905 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 332 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1 %

Shares of NASDAQ:TXN opened at $198.00 on Friday. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market cap of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The stock’s 50-day moving average is $204.45 and its 200-day moving average is $200.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.75%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analyst Ratings Changes

Several research firms recently commented on TXN. Evercore ISI raised their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating 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. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial reduced their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $210.05.

Insider Transactions at Texas Instruments

In other 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 transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. This trade represents a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,968 shares of company stock worth $3,126,464. 0.68% of the stock is currently owned by company 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.