Adams Diversified Equity Fund Inc. Invests $10.66 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Adams Diversified Equity Fund Inc. acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,600 shares of the semiconductor company’s stock, valued at approximately $10,659,000.

Several other institutional investors have also bought and sold shares of TXN. Azzad Asset Management Inc. ADV boosted its stake in Texas Instruments by 3.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 15,177 shares of the semiconductor company’s stock valued at $2,644,000 after buying an additional 550 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in Texas Instruments by 71.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 101 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in Texas Instruments by 11.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 23,704 shares of the semiconductor company’s stock valued at $4,129,000 after purchasing an additional 2,503 shares during the last quarter. Core Wealth Partners LLC raised its position in Texas Instruments by 9.5% in the 1st quarter. Core Wealth Partners LLC now owns 1,415 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 123 shares during the last quarter. Finally, American National Bank & Trust Co. VA bought a new position in Texas Instruments in the 1st quarter valued at $1,380,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.7 %

Shares of Texas Instruments stock opened at $211.35 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. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The business has a fifty day simple moving average of $203.93 and a 200 day simple moving average of $196.23. The stock has a market cap of $192.43 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.57%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s payout ratio is presently 84.87%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TXN shares. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was 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. In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was 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, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. Company insiders own 0.68% of the company’s stock.

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.