FSA Wealth Management LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

FSA Wealth Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 200 shares of the semiconductor company’s stock, valued at approximately $41,000.

Several other large investors have also added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments in the third quarter worth $28,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% in the third 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. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter worth about $39,000. McClarren Financial Advisors Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments during the third quarter worth $45,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.9 %

Shares of NASDAQ:TXN opened at $201.03 on Monday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The business has a fifty day moving average of $204.29 and a two-hundred day moving average of $200.89. The stock has a market cap of $183.38 billion, a P/E ratio of 37.37, a PEG ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. On average, research 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 announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXN shares. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $210.05.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.