Baker Avenue Asset Management LP Purchases 15,096 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Baker Avenue Asset Management LP grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 26.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,344 shares of the semiconductor company’s stock after purchasing an additional 15,096 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Texas Instruments were worth $14,944,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Tsfg LLC boosted its stake in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter worth $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter worth $43,000. Friedenthal Financial acquired a new stake in Texas Instruments during the second quarter worth $50,000. Finally, Baldwin Brothers LLC MA boosted its stake in shares of Texas Instruments by 121.3% in the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, KeyCorp lifted their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $206.95.

Insiders Place Their Bets

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 1.3 %

Shares of TXN traded up $2.75 during mid-day trading on Friday, reaching $220.29. 5,020,685 shares of the company were exchanged, compared to its average volume of 5,593,385. Texas Instruments Incorporated has a 52 week low of $143.08 and a 52 week high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $200.95 billion, a PE ratio of 40.95, a PEG ratio of 4.82 and a beta of 0.99. The business has a 50 day simple moving average of $203.95 and a two-hundred day simple moving average of $198.28.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.47%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 101.12%.

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.