GAM Holding AG Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

GAM Holding AG decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,208 shares of the semiconductor company’s stock after selling 310 shares during the quarter. GAM Holding AG’s holdings in Texas Instruments were worth $3,142,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Segment Wealth Management LLC increased its position in shares of Texas Instruments by 0.6% in the third quarter. Segment Wealth Management LLC now owns 76,735 shares of the semiconductor company’s stock valued at $15,851,000 after acquiring an additional 447 shares during the period. Private Advisor Group LLC increased its position in shares of Texas Instruments by 0.8% in the third quarter. Private Advisor Group LLC now owns 68,249 shares of the semiconductor company’s stock valued at $14,098,000 after acquiring an additional 572 shares during the period. Alexander Labrunerie & CO. Inc. purchased a new position in shares of Texas Instruments in the third quarter valued at about $210,000. Waldron Private Wealth LLC increased its position in shares of Texas Instruments by 10.9% during the third quarter. Waldron Private Wealth LLC now owns 3,524 shares of the semiconductor company’s stock valued at $728,000 after buying an additional 347 shares during the period. Finally, Eastern Bank purchased a new position in shares of Texas Instruments during the third quarter valued at about $722,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.9 %

TXN opened at $193.97 on Wednesday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average price of $203.31 and a 200-day moving average price of $194.94. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The stock has a market capitalization of $177.10 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 4.32 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. Equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 90.28%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research analyst reports. Truist Financial reduced their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $206.65.

Insider Buying and Selling at Texas Instruments

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

About Texas Instruments

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.