First Trust Direct Indexing L.P. Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Trust Direct Indexing L.P. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,764 shares of the semiconductor company’s stock after acquiring an additional 6,109 shares during the period. First Trust Direct Indexing L.P.’s holdings in Texas Instruments were worth $7,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors boosted its position in shares of Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the period. Legal & General Group Plc boosted its position in shares of Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after purchasing an additional 64,067 shares during the period. Van ECK Associates Corp raised its position in shares of Texas Instruments by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after purchasing an additional 348,528 shares during the period. Finally, Fayez Sarofim & Co lifted its stake in shares of Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after buying an additional 104,806 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.8 %

Shares of NASDAQ:TXN traded down $1.67 during midday trading on Wednesday, reaching $209.68. 1,094,763 shares of the company’s stock were exchanged, compared to its average volume of 5,472,023. The firm’s 50 day simple moving average is $203.93 and its two-hundred day simple moving average is $196.23. Texas Instruments Incorporated has a fifty-two week low of $140.03 and a fifty-two week high of $214.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $190.91 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 4.52 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

Analysts Set New Price Targets

TXN has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report 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 stock a “hold” rating in a report on Wednesday, July 24th. Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling

In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s 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 sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction 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 directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,548 shares of company stock valued at $5,341,235. Corporate 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.