Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,140 shares of the semiconductor company’s stock after selling 254 shares during the period. Davis R M Inc.’s holdings in Texas Instruments were worth $1,268,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cahill Financial Advisors Inc. increased its stake in Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 49 shares during the last quarter. KCM Investment Advisors LLC increased its position in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in 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 valued at $612,000 after buying an additional 51 shares during the period. Lansing Street Advisors raised its holdings in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 51 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its position in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.5 %

TXN stock opened at $202.93 on Tuesday. The stock has a market cap of $185.12 billion, a P/E ratio of 37.72, a PEG ratio of 4.33 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38. The company’s 50 day moving average is $204.54 and its two-hundred day moving average is $200.61.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction 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 sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TXN shares. Morgan Stanley boosted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial cut their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Susquehanna decreased their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Barclays dropped their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $210.05.

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.