Joule Financial LLC Sells 211 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Joule Financial LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,888 shares of the semiconductor company’s stock after selling 211 shares during the quarter. Joule Financial LLC’s holdings in Texas Instruments were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in shares of Texas Instruments by 11.8% in the third quarter. V Square Quantitative Management LLC now owns 20,349 shares of the semiconductor company’s stock valued at $4,203,000 after acquiring an additional 2,152 shares during the period. Howard Capital Management Group LLC acquired a new stake in Texas Instruments in the 3rd quarter worth about $202,000. Bleakley Financial Group LLC boosted its holdings in Texas Instruments by 0.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company’s stock valued at $3,702,000 after purchasing an additional 160 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in shares of Texas Instruments by 1.7% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 12,911 shares of the semiconductor company’s stock worth $2,667,000 after purchasing an additional 210 shares in the last quarter. Finally, Good Life Advisors LLC bought a new position in shares of Texas Instruments during the third quarter worth approximately $408,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on 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 owns 11,806 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was 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 directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value 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 sold a total of 15,558 shares of company stock worth $3,255,323 over the last three months. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TXN. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Evercore ISI boosted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Truist Financial reduced their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Three research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $205.65.

Texas Instruments Trading Up 0.4 %

NASDAQ:TXN traded up $0.73 during mid-day trading on Friday, hitting $199.03. 782,507 shares of the company’s stock were exchanged, compared to its average volume of 5,430,850. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $181.21 billion, a P/E ratio of 31.13, a PEG ratio of 4.54 and a beta of 0.98. The company has a 50 day simple moving average of $203.17 and a 200-day simple moving average of $194.05.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. As a group, research analysts expect 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. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 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.