Saturna Capital Corp Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Saturna Capital Corp boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 266,007 shares of the semiconductor company’s stock after purchasing an additional 409 shares during the period. Saturna Capital Corp’s holdings in Texas Instruments were worth $54,949,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Investment Advisory Services Inc. TX ADV lifted its holdings in Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the last quarter. Lansing Street Advisors increased its stake in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after purchasing an additional 52 shares during the period. ABLE Financial Group LLC lifted its stake in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 52 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. KeyCorp boosted their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial cut their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Trading Down 1.7 %

NASDAQ TXN opened at $209.25 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The stock’s 50-day simple moving average is $204.20 and its two-hundred day simple moving average is $199.21. Texas Instruments Incorporated has a twelve month low of $148.91 and a twelve month high of $220.38. The company has a market capitalization of $190.88 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 4.72 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm 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 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.60%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was 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 owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock valued at $5,341,235. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments 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.