Texas Instruments Incorporated $TXN Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,862 shares of the semiconductor company’s stock after selling 1,860 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Texas Instruments were worth $48,977,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Texas Instruments by 30.4% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,313 shares of the semiconductor company’s stock worth $368,000 after acquiring an additional 306 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $827,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Texas Instruments by 0.7% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,580 shares of the semiconductor company’s stock valued at $1,843,000 after acquiring an additional 44 shares during the last quarter. Slow Capital Inc. boosted its position in shares of Texas Instruments by 110.2% during the 3rd quarter. Slow Capital Inc. now owns 20,264 shares of the semiconductor company’s stock valued at $5,676,000 after acquiring an additional 10,624 shares during the last quarter. Finally, Paladin Wealth LLC grew its holdings in shares of Texas Instruments by 43.6% in the third quarter. Paladin Wealth LLC now owns 1,272 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 386 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Key Texas Instruments News

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

Texas Instruments Stock Up 4.7%

Shares of NASDAQ:TXN opened at $298.12 on Tuesday. The firm 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. The business has a 50 day simple moving average of $272.40 and a two-hundred day simple moving average of $255.84. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 8.79 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a $1.52 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.0%. Texas Instruments’s dividend payout ratio is currently 78.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on TXN. Arete Research reduced their price target on shares of Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Freedom Broker upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and increased their price objective for the company from $260.00 to $330.00 in a research report on Thursday, October 22nd. Benchmark lifted their price objective on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company reduced their target price on shares of Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. Finally, UBS Group decreased their target price on shares of Texas Instruments from $380.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $315.90.

Insiders Place Their Bets

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the 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 sale, 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 document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

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.