Glass Wealth Management Co LLC Purchases 1,600 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Glass Wealth Management Co LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 18.8% during the third quarter, Holdings Channel reports. The fund owned 10,121 shares of the semiconductor company’s stock after acquiring an additional 1,600 shares during the period. Glass Wealth Management Co LLC’s holdings in Texas Instruments were worth $2,091,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TXN. Tsfg LLC raised its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter worth about $39,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments in the third quarter worth $43,000. Friedenthal Financial bought a new position in Texas Instruments in the 2nd quarter worth $50,000. Finally, Beacon Capital Management LLC increased its stake in Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock worth $58,000 after buying an additional 98 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s 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 completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird dropped their price objective 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $206.95.

Texas Instruments Stock Down 2.4 %

NASDAQ TXN opened at $201.12 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 $150.81 and a 52 week high of $220.38. The firm has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.40 and a beta of 0.99. The company has a fifty day moving average of $204.39 and a two-hundred day moving average of $199.79.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 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.