Koshinski Asset Management Inc. Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Koshinski Asset Management Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,039 shares of the semiconductor company’s stock after selling 1,782 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Texas Instruments were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Novak & Powell Financial Services Inc. bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $355,000. Centaurus Financial Inc. boosted its stake in Texas Instruments by 6.9% during the fourth quarter. Centaurus Financial Inc. now owns 2,278 shares of the semiconductor company’s stock worth $388,000 after buying an additional 147 shares during the period. Syon Capital LLC increased its position in Texas Instruments by 22.8% during the fourth quarter. Syon Capital LLC now owns 6,122 shares of the semiconductor company’s stock valued at $1,044,000 after acquiring an additional 1,135 shares during the last quarter. Tortoise Investment Management LLC increased its position in Texas Instruments by 32.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 265 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $26,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TXN. Morgan Stanley increased their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. The Goldman Sachs Group increased their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $205.65.

Texas Instruments Stock Performance

Texas Instruments stock traded up $2.64 during mid-day trading on Friday, reaching $205.11. 2,815,781 shares of the company traded hands, compared to its average volume of 4,892,744. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm’s fifty day moving average is $201.93 and its two-hundred day moving average is $193.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market capitalization of $186.75 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last quarter. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.