Kestra Advisory Services LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Kestra Advisory Services LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,310 shares of the semiconductor company’s stock after acquiring an additional 18,107 shares during the period. Kestra Advisory Services LLC’s holdings in Texas Instruments were worth $23,398,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in Texas Instruments during the 4th quarter worth approximately $61,000. MJP Associates Inc. ADV grew its position in Texas Instruments by 53.8% in the fourth quarter. MJP Associates Inc. ADV now owns 1,946 shares of the semiconductor company’s stock valued at $332,000 after acquiring an additional 681 shares in the last quarter. WealthCare Investment Partners LLC acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $210,000. DeDora Capital Inc. grew its position in Texas Instruments by 1.7% in the fourth quarter. DeDora Capital Inc. now owns 4,469 shares of the semiconductor company’s stock valued at $762,000 after acquiring an additional 74 shares in the last quarter. Finally, Inscription Capital LLC grew its position in Texas Instruments by 24.5% in the fourth quarter. Inscription Capital LLC now owns 2,376 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 467 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXN. Stifel Nicolaus increased 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. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Citigroup increased their target price on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Performance

TXN traded up $4.84 during trading hours on Friday, hitting $201.99. 5,384,831 shares of the stock were exchanged, compared to its average volume of 4,994,019. The stock has a 50-day simple moving average of $198.04 and a 200-day simple moving average of $179.86. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84. The stock has a market cap of $184.43 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the business posted $1.87 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by insiders.

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.