Capital Investment Advisors LLC Acquires 112 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Capital Investment Advisors LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,313 shares of the semiconductor company’s stock after purchasing an additional 112 shares during the quarter. Capital Investment Advisors LLC’s holdings in Texas Instruments were worth $2,309,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments in the 3rd quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the third quarter worth $43,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $191.09 on Tuesday. The stock’s fifty day moving average price is $196.48 and its 200 day moving average price is $199.76. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market cap of $174.32 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.85%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TXN. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday. Morgan Stanley lifted 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. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.71.

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.