Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Lifted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 36.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,710 shares of the semiconductor company’s stock after acquiring an additional 4,761 shares during the period. Texas Instruments comprises approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 25th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Texas Instruments were worth $3,321,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. One Capital Management LLC lifted its holdings in Texas Instruments by 47.3% in the second quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company’s stock worth $620,000 after acquiring an additional 1,024 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Texas Instruments by 25.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 37,007 shares of the semiconductor company’s stock worth $7,199,000 after purchasing an additional 7,501 shares during the last quarter. Excalibur Management Corp boosted its position in Texas Instruments by 2.7% during the 2nd quarter. Excalibur Management Corp now owns 2,131 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 57 shares during the period. Alpha Financial Partners LLC bought a new position in Texas Instruments during the 2nd quarter worth $229,000. Finally, Perennial Investment Advisors LLC acquired a new stake in Texas Instruments in the second quarter worth $207,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $193.50 on Wednesday. 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 company has a market capitalization of $176.51 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The stock has a fifty day moving average of $196.30 and a 200-day moving average of $199.76. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

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

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. 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 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 sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s 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 completion of the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. 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 report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.