Segment Wealth Management LLC Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Segment Wealth Management LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,735 shares of the semiconductor company’s stock after purchasing an additional 447 shares during the quarter. Segment Wealth Management LLC’s holdings in Texas Instruments were worth $15,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TXN. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Norwood Financial Corp purchased a new stake in Texas Instruments in the first quarter worth approximately $32,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the third quarter valued at approximately $43,000. Tradewinds Capital Management LLC raised its stake in shares of Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 101 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $44,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.9 %

NASDAQ:TXN opened at $193.97 on Wednesday. The firm has a market capitalization of $177.10 billion, a P/E ratio of 33.68, a PEG ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company’s 50-day simple moving average is $203.31 and its 200 day simple moving average is $194.94.

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

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.80%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is 90.28%.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was 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 owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday. Stifel Nicolaus boosted their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $206.65.

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.