Texas Instruments Incorporated (NASDAQ:TXN) Position Cut by Spirit of America Management Corp NY

Spirit of America Management Corp NY lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,625 shares of the semiconductor company’s stock after selling 800 shares during the period. Spirit of America Management Corp NY’s holdings in Texas Instruments were worth $1,988,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV raised its stake 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 buying an additional 51 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares during the last quarter. Prentice Wealth Management LLC boosted its position in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares in the last quarter. Pure Financial Advisors LLC grew its stake in shares of Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Texas Instruments by 14.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 55 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday. KeyCorp boosted their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Trading Up 2.4 %

Shares of NASDAQ:TXN opened at $206.61 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $188.11 billion, a PE ratio of 32.23, a P/E/G ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The firm has a fifty day moving average price of $203.43 and a 200 day moving average price of $194.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 84.87%.

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.