Burford Brothers Inc. Has $1.65 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Burford Brothers Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,970 shares of the semiconductor company’s stock after selling 2,854 shares during the quarter. Texas Instruments comprises 0.9% of Burford Brothers Inc.’s portfolio, making the stock its 26th biggest holding. Burford Brothers Inc.’s holdings in Texas Instruments were worth $1,646,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TXN. Tsfg LLC increased its holdings in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth $43,000. Kathleen S. Wright Associates Inc. acquired a new position in Texas Instruments in the 1st quarter worth about $44,000. Finally, Friedenthal Financial acquired a new position in Texas Instruments in the 2nd quarter worth about $50,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.2 %

Shares of NASDAQ:TXN opened at $206.93 on Friday. The business’s 50 day simple moving average is $203.65 and its two-hundred day simple moving average is $195.33. The firm has a market cap of $188.41 billion, a P/E ratio of 32.28, a PEG ratio of 4.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Barclays lowered their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday. KeyCorp upped their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $206.95.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

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.