Meridian Wealth Management LLC Makes New $4.48 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Meridian Wealth Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,694 shares of the semiconductor company’s stock, valued at approximately $4,481,000.

A number of other institutional investors have also made changes to their positions in TXN. KCM Investment Advisors LLC grew its position in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares during the period. Lansing Street Advisors grew its holdings in shares of Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after purchasing an additional 52 shares during the period. Finally, ABLE Financial Group LLC raised its stake in shares of Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 52 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

NASDAQ:TXN opened at $197.64 on Friday. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The firm has a market cap of $180.29 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 4.40 and a beta of 0.99. The firm’s 50-day simple moving average is $204.49 and its 200 day simple moving average is $200.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm earned $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.75%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TXN shares. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Truist Financial reduced their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments 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 completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock valued at $3,126,464 in the last ninety days. 0.68% of the stock is currently owned by company 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.