Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 71.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,994 shares of the semiconductor company’s stock after purchasing an additional 1,250 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Texas Instruments were worth $618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Waverly Advisors LLC grew its position in Texas Instruments by 79.5% during the 1st quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock worth $1,587,000 after purchasing an additional 4,035 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Texas Instruments by 12.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 29,198 shares of the semiconductor company’s stock worth $4,643,000 after acquiring an additional 3,339 shares during the period. Tidal Investments LLC boosted its holdings in shares of Texas Instruments by 14.9% in the first quarter. Tidal Investments LLC now owns 41,833 shares of the semiconductor company’s stock valued at $7,278,000 after acquiring an additional 5,415 shares in the last quarter. Beacon Capital Management LLC lifted its position in Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 98 shares during the period. Finally, KLCM Advisors Inc. raised its stake in shares of Texas Instruments by 17.4% during the 1st quarter. KLCM Advisors Inc. now owns 3,789 shares of the semiconductor company’s stock worth $660,000 after buying an additional 561 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 2.5 %

TXN opened at $202.93 on Tuesday. The company has a market cap of $185.12 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The firm has a 50 day moving average price of $204.54 and a 200 day moving average price of $200.61.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm posted $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.68%. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXN. Barclays decreased their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial decreased their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $210.05.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on 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 directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is 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.