Addis & Hill Inc Makes New $317,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Addis & Hill Inc bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,534 shares of the semiconductor company’s stock, valued at approximately $317,000. Texas Instruments accounts for 0.2% of Addis & Hill Inc’s portfolio, making the stock its 28th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Campbell Wealth Management acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $545,000. Shepherd Financial Partners LLC grew its holdings in shares of Texas Instruments by 7.0% in the 3rd quarter. Shepherd Financial Partners LLC now owns 3,030 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 197 shares during the period. Jacobson & Schmitt Advisors LLC grew its holdings in shares of Texas Instruments by 8.7% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 46,723 shares of the semiconductor company’s stock valued at $9,652,000 after buying an additional 3,747 shares during the period. Principal Securities Inc. grew its holdings in shares of Texas Instruments by 14.8% in the 3rd quarter. Principal Securities Inc. now owns 14,462 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 1,862 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Truist Financial cut their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $206.95.

Insider Activity at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was 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 worth $5,341,235. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.9 %

Shares of TXN stock opened at $204.92 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm’s 50-day moving average is $203.81 and its 200-day moving average is $196.62. The stock has a market cap of $186.93 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 4.44 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $143.08 and a 52-week high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its 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 company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a 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 is 101.12%.

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.