Texas Instruments Incorporated $TXN Stock Purchased by Diversified Trust Co

Diversified Trust Co raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,948 shares of the semiconductor company’s stock after acquiring an additional 1,949 shares during the period. Diversified Trust Co’s holdings in Texas Instruments were worth $5,587,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BankPlus Trust Department increased its stake in Texas Instruments by 3.6% during the 3rd quarter. BankPlus Trust Department now owns 17,626 shares of the semiconductor company’s stock valued at $4,937,000 after purchasing an additional 613 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Texas Instruments by 26.3% during the third quarter. Moors & Cabot Inc. now owns 6,949 shares of the semiconductor company’s stock worth $1,946,000 after buying an additional 1,448 shares during the last quarter. Compass Capital Management Inc. bought a new position in shares of Texas Instruments in the third quarter valued at $280,000. William Blair Investment Management LLC lifted its stake in shares of Texas Instruments by 4.2% in the third quarter. William Blair Investment Management LLC now owns 527,520 shares of the semiconductor company’s stock valued at $147,753,000 after buying an additional 21,291 shares in the last quarter. Finally, Valued Retirements Inc. bought a new position in shares of Texas Instruments in the third quarter valued at $220,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXN. Truist Financial set a $305.00 target price on shares of Texas Instruments in a research report on Thursday, October 22nd. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Morgan Stanley raised their price target on shares of Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a research report on Thursday, October 22nd. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price target for the company in a research note on Wednesday, October 28th. Finally, Sanford C. Bernstein boosted their price objective on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.37.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $303.60 on Friday. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67. The stock has a market cap of $277.42 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. The stock’s fifty day simple moving average is $283.87 and its two-hundred day simple moving average is $264.14. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 during the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 8.99 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were 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 was Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s payout ratio is currently 78.86%.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 6,065 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $310.39, for a total value of $1,882,515.35. Following the transaction, the director owned 15,462 shares in the company, valued at $4,799,250.18. The trade was a 28.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 4,306 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $302.46, for a total value of $1,302,392.76. Following the completion of the transaction, the director directly owned 11,341 shares of the company’s stock, valued at approximately $3,430,198.86. This represents a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 36,726 shares of company stock worth $10,942,413. Company insiders own 0.60% of the company’s stock.

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.