Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 73.9% in the third quarter, Holdings Channel reports. The firm owned 66,890 shares of the semiconductor company’s stock after buying an additional 28,422 shares during the period. Kingsview Wealth Management LLC’s holdings in Texas Instruments were worth $13,817,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its position in Texas Instruments by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 381,807 shares of the semiconductor company’s stock worth $66,515,000 after acquiring an additional 47,697 shares during the period. LRI Investments LLC acquired a new stake in Texas Instruments during the 1st quarter worth about $151,000. Kestra Advisory Services LLC lifted its position in Texas Instruments by 15.6% during the 1st quarter. Kestra Advisory Services LLC now owns 134,310 shares of the semiconductor company’s stock worth $23,398,000 after acquiring an additional 18,107 shares during the period. London & Capital Asset Management Ltd raised its stake in shares of Texas Instruments by 1.5% during the 1st quarter. London & Capital Asset Management Ltd now owns 245,756 shares of the semiconductor company’s stock valued at $42,813,000 after buying an additional 3,744 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in shares of Texas Instruments by 79.5% during the 1st quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock valued at $1,587,000 after buying an additional 4,035 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1 %

TXN opened at $198.00 on Friday. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a market capitalization of $180.62 billion, a PE ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The business’s 50 day moving average price is $204.45 and its 200 day moving average price is $200.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last released 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. The firm had revenue of $4.15 billion for 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 firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 earnings per share. As a group, equities research analysts expect 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 a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. Texas Instruments’s payout ratio is presently 101.12%.

Insider Buying and Selling at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This represents a 11.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock valued at $3,126,464 over the last quarter. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXN. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research note on Friday, October 18th. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Truist Financial cut their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note 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 given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.