Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,769 shares of the semiconductor company’s stock after selling 3,974 shares during the quarter. Texas Instruments accounts for about 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 27th largest holding. Dearborn Partners LLC’s holdings in Texas Instruments were worth $37,548,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HBK Sorce Advisory LLC boosted its position in Texas Instruments by 114.3% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,842 shares of the semiconductor company’s stock worth $495,000 after purchasing an additional 1,516 shares in the last quarter. Brighton Jones LLC grew its position in Texas Instruments by 2.7% during the first quarter. Brighton Jones LLC now owns 12,972 shares of the semiconductor company’s stock valued at $2,260,000 after buying an additional 344 shares during the period. Tocqueville Asset Management L.P. raised its position in shares of Texas Instruments by 6.0% in the first quarter. Tocqueville Asset Management L.P. now owns 17,580 shares of the semiconductor company’s stock worth $3,063,000 after acquiring an additional 1,000 shares during the period. Banco Santander S.A. grew its position in shares of Texas Instruments by 6.4% during the 1st quarter. Banco Santander S.A. now owns 5,827 shares of the semiconductor company’s stock valued at $1,015,000 after acquiring an additional 350 shares during the period. Finally, M&G Plc acquired a new position in Texas Instruments in the 1st quarter worth about $16,331,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of TXN opened at $206.00 on Friday. The firm has a 50-day simple moving average of $204.23 and a two-hundred day simple moving average of $199.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $150.15 and a 1-year high of $220.38. The stock has a market cap of $187.92 billion, a PE ratio of 38.29, a P/E/G ratio of 4.50 and a beta of 0.99.

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 return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.08 EPS 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 given a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Analysts Set New Price Targets

TXN has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley raised 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. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI increased their target price 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, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $206.95.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was 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 directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, 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 25,548 shares of company stock worth $5,341,235 over the last three months. Company insiders own 0.68% of the company’s stock.

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.