VCI Wealth Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 19.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,825 shares of the semiconductor company’s stock after acquiring an additional 2,049 shares during the period. VCI Wealth Management LLC’s holdings in Texas Instruments were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently added to or reduced their stakes in TXN. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the first quarter valued at $29,000. Creative Capital Management Investments LLC grew its position in shares of Texas Instruments by 167.5% during the third quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Kilter Group LLC bought a new position in shares of Texas Instruments during the second quarter worth about $31,000. Main Street Group LTD bought a new position in shares of Texas Instruments during the first quarter worth about $32,000. Finally, Nvwm LLC lifted its position in Texas Instruments by 550.0% in the 3rd quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 99 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Texas Instruments news, Director Ronald Kirk sold 6,065 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the sale, the director owned 15,462 shares in the company, valued at approximately $4,799,250.18. The trade was a 28.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 4,532 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $301.56, for a total transaction of $1,366,669.92. Following the sale, the director directly owned 34,487 shares of the company’s stock, valued at $10,399,899.72. This represents a 11.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,968 shares of company stock worth $8,236,892 over the last three months. Company insiders own 0.60% of the company’s stock.
Texas Instruments Stock Up 0.4%
TXN stock opened at $302.02 on Tuesday. The firm’s 50-day moving average is $276.41 and its two-hundred day moving average is $259.33. The company has a market capitalization of $275.98 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the company posted $1.48 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 8.89 earnings per share for the current fiscal year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 73.67%.
Wall Street Analysts Forecast Growth
Several research firms have commented on TXN. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. KeyCorp lifted their price target on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Robert W. Baird lifted their price target on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, JPMorgan Chase & Co. lifted their target price on Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $315.37.
Read Our Latest Research Report on TXN
Texas Instruments Profile
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.
The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.
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