Curi RMB Capital LLC Buys 2,844 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Curi RMB Capital LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,700 shares of the semiconductor company’s stock after acquiring an additional 2,844 shares during the period. Curi RMB Capital LLC’s holdings in Texas Instruments were worth $12,539,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TXN. Zions Bancorporation N.A. increased its holdings in Texas Instruments by 55.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 1,810 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 646 shares in the last quarter. KBC Group NV grew its holdings in shares of Texas Instruments by 1.2% during the third quarter. KBC Group NV now owns 166,220 shares of the semiconductor company’s stock worth $34,337,000 after purchasing an additional 2,001 shares during the last quarter. Plato Investment Management Ltd increased its stake in shares of Texas Instruments by 414.9% in the third quarter. Plato Investment Management Ltd now owns 4,171 shares of the semiconductor company’s stock valued at $861,000 after buying an additional 3,361 shares during the period. Cable Hill Partners LLC raised its holdings in Texas Instruments by 17.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,338 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 197 shares during the last quarter. Finally, Bell Bank boosted its position in Texas Instruments by 3.4% during the 3rd quarter. Bell Bank now owns 1,602 shares of the semiconductor company’s stock worth $331,000 after buying an additional 53 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 3.3 %

Shares of NASDAQ:TXN opened at $205.72 on Thursday. The business’s 50 day simple moving average is $204.23 and its two-hundred day simple moving average is $199.26. Texas Instruments Incorporated has a 52-week low of $148.91 and a 52-week high of $220.38. 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 has a market cap of $187.66 billion, a P/E ratio of 38.24, a PEG ratio of 4.65 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The business 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%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 EPS. As a group, research 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 was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. This is an increase 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 currently 101.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $206.95.

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.