Texas Instruments Incorporated (NASDAQ:TXN) Holdings Lowered by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the third quarter, HoldingsChannel reports. The firm owned 13,358 shares of the semiconductor company’s stock after selling 335 shares during the period. Benedict Financial Advisors Inc.’s holdings in Texas Instruments were worth $2,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares in the last quarter. Capital Research Global Investors boosted its position in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after purchasing an additional 609,905 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. Jefferies Financial Group increased their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird reduced their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction 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 directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $251,328.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN traded up $0.32 on Friday, hitting $206.93. The company’s stock had a trading volume of 5,103,208 shares, compared to its average volume of 5,498,058. The company has a market capitalization of $188.41 billion, a PE ratio of 32.28, a PEG ratio of 4.22 and a beta of 0.98. 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 50 day moving average price of $203.65 and a 200 day moving average price of $195.33. 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 (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 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.