2,952 Shares of Texas Instruments Incorporated $TXN Purchased by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, HoldingsChannel.com reports. The firm purchased 2,952 shares of the semiconductor company’s stock, valued at approximately $827,000.

Several other large investors have also recently added to or reduced their stakes in TXN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Texas Instruments by 0.7% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,580 shares of the semiconductor company’s stock worth $1,843,000 after buying an additional 44 shares in the last quarter. Slow Capital Inc. boosted its holdings in shares of Texas Instruments by 110.2% in the 3rd quarter. Slow Capital Inc. now owns 20,264 shares of the semiconductor company’s stock worth $5,676,000 after acquiring an additional 10,624 shares in the last quarter. Paladin Wealth LLC boosted its holdings in shares of Texas Instruments by 43.6% in the 3rd quarter. Paladin Wealth LLC now owns 1,272 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 386 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Texas Instruments by 4.4% in the 3rd quarter. Revolve Wealth Partners LLC now owns 1,650 shares of the semiconductor company’s stock worth $462,000 after acquiring an additional 70 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC bought a new stake in Texas Instruments during the 3rd quarter worth approximately $222,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

TXN stock opened at $298.12 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The company has a 50 day moving average price of $272.40 and a 200 day moving average price of $255.84. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The stock has a market capitalization of $272.26 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. Analysts forecast that Texas Instruments Incorporated will post 8.79 EPS for the current year.

Texas Instruments Increases Dividend

The company 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 positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 78.86%.

Insider Transactions at Texas Instruments

In related news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction dated 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 $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXN. Wells Fargo & Company dropped their price target on Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Rosenblatt Securities boosted their price objective on Texas Instruments from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a report on Tuesday, October 20th. Robert W. Baird raised their target price on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $315.90.

Texas Instruments News Summary

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Texas Instruments reported a strong quarter, with earnings per share of $2.62 exceeding the $2.40 consensus estimate and revenue of $6.06 billion surpassing expectations. Revenue increased 27.7% year over year, suggesting a rebound in chip demand and supporting the bullish outlook. Texas Instruments Posts Strong Quarter as Chip Demand Rebounds
• Positive Sentiment: Freedom Broker upgraded Texas Instruments from Hold to Buy, adding to the positive analyst sentiment following the company’s earnings performance. Freedom Broker Upgrades Texas Instruments to Buy
• Positive Sentiment: Technical and market commentary indicates TXN is approaching record highs after earnings, reflecting investor confidence in the recovery and forward growth prospects. Texas Instruments Price Forecast
• Neutral Sentiment: The company priced $2.0 billion of senior unsecured notes, split across maturities from 2028 through 2036 with coupons ranging from 5.000% to 5.750%. The financing may support capital investments and general corporate purposes, but it also increases interest expense and leverage. Texas Instruments Prices $2.0 Billion of Investment Grade Notes
• Neutral Sentiment: International revenue trends remain an important factor for forecasts, with overseas demand and currency or regional conditions capable of influencing future results. Texas Instruments International Revenue Trends
• Negative Sentiment: Texas Instruments’ 23rd consecutive annual dividend increase supports its income-investor appeal, but scrutiny over cash flow and the use of debt to help fund shareholder returns could limit enthusiasm. Texas Instruments Dividend Increase

About Texas Instruments

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.