Texas Instruments Incorporated $TXN Shares Sold by Trek Financial LLC

Trek Financial LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 45.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,459 shares of the semiconductor company’s stock after selling 7,750 shares during the quarter. Trek Financial LLC’s holdings in Texas Instruments were worth $2,650,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Texas Instruments in the second quarter worth approximately $1,493,000. Diversify Advisory Services LLC lifted its stake in Texas Instruments by 122.1% in the third quarter. Diversify Advisory Services LLC now owns 24,545 shares of the semiconductor company’s stock valued at $6,851,000 after buying an additional 13,495 shares during the period. Quantbot Technologies LP bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $1,962,000. Ieq Capital LLC bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $17,709,000. Finally, Liontrust Investment Partners LLP acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $13,056,000. Institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 4,532 shares of Texas Instruments stock in a transaction on 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 transaction, the director directly owned 34,487 shares of the company’s stock, valued at $10,399,899.72. The trade was a 11.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,968 shares of company stock worth $8,236,892 in the last three months. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXN has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating and issued a $330.00 price objective (up from $316.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Benchmark increased their target price 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. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company dropped their price objective 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. One research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $315.37.

Texas Instruments Stock Performance

Shares of TXN opened at $302.02 on Tuesday. The firm has a market capitalization of $275.98 billion, a P/E ratio of 39.17, a P/E/G 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 stock has a 50 day moving average price of $276.41 and a two-hundred day moving average price of $259.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share 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 company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s payout ratio is currently 73.67%.

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.