True Freedom Investing LLC lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 6.0% during the third quarter, HoldingsChannel.com reports. The firm owned 26,676 shares of the semiconductor company’s stock after selling 1,712 shares during the period. Texas Instruments makes up approximately 1.2% of True Freedom Investing LLC’s holdings, making the stock its 18th largest holding. True Freedom Investing LLC’s holdings in Texas Instruments were worth $7,472,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Texas Instruments during the 2nd quarter valued at approximately $24,607,313,000. Bank of New York Mellon Corp purchased a new stake in Texas Instruments in the 2nd quarter worth $4,488,666,000. Bank of America Corp DE acquired a new position in Texas Instruments during the second quarter worth $3,700,842,000. Primecap Management Co. CA acquired a new position in Texas Instruments during the second quarter worth $2,538,063,000. Finally, Legal & General Group Plc purchased a new position in Texas Instruments during the second quarter valued at $1,918,277,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Janet F. Clark sold 4,306 shares of Texas Instruments stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $302.46, for a total transaction of $1,302,392.76. Following the transaction, the director owned 11,341 shares in the company, valued at $3,430,198.86. The trade was a 27.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares in the company, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,968 shares of company stock valued at $8,236,892 in the last 90 days. 0.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on TXN shares. The Goldman Sachs Group reissued a “sell” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Thursday, October 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, October 20th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Finally, TD Cowen lowered their price target on Texas Instruments from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.37.
Check Out Our Latest Report on Texas Instruments
Texas Instruments Stock Performance
TXN opened at $300.84 on Monday. The firm has a market capitalization of $274.90 billion, a PE ratio of 39.02, a PEG ratio of 1.49 and a beta of 1.35. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The firm’s 50-day moving average price is $275.66 and its 200 day moving average price is $258.76. 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 released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. Texas Instruments’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 8.89 EPS for the current fiscal year.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $1.52 dividend. This is a boost 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 payout ratio is 78.86%.
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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