Palisade Asset Management LLC Acquires 326 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Palisade Asset Management LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 58,005 shares of the semiconductor company’s stock after purchasing an additional 326 shares during the period. Palisade Asset Management LLC’s holdings in Texas Instruments were worth $11,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after buying an additional 36,441 shares during the period. Legal & General Group Plc raised its stake in Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Texas Instruments by 3.6% in the third quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock worth $1,244,381,000 after buying an additional 212,888 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Texas Instruments by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after acquiring an additional 129,717 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,968 shares of company stock valued at $3,126,464. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.1 %

TXN stock opened at $198.00 on Friday. The stock has a market capitalization of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. 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 $151.27 and a 1-year high of $220.38. The business has a fifty day moving average price of $204.45 and a 200-day moving average price of $200.25.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.75%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TXN. Bank of America decreased their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Mizuho set a $200.00 target price on shares of Texas Instruments in a report on Friday, October 18th. Truist Financial reduced their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.05.

About Texas Instruments

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.