Gladstone Institutional Advisory LLC Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gladstone Institutional Advisory LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,932 shares of the semiconductor company’s stock after selling 4,138 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Texas Instruments were worth $2,052,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Shepherd Financial Partners LLC grew its position in Texas Instruments by 7.0% during the 3rd quarter. Shepherd Financial Partners LLC now owns 3,030 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 197 shares during the last quarter. Jacobson & Schmitt Advisors LLC grew its position in Texas Instruments by 8.7% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 46,723 shares of the semiconductor company’s stock worth $9,652,000 after purchasing an additional 3,747 shares during the last quarter. Principal Securities Inc. boosted 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 acquiring an additional 1,862 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $211,000. Finally, United Asset Strategies Inc. boosted its holdings in shares of Texas Instruments by 3.3% in the 3rd quarter. United Asset Strategies Inc. now owns 8,496 shares of the semiconductor company’s stock valued at $1,755,000 after acquiring an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $204.92 on Friday. Texas Instruments Incorporated has a 1 year low of $143.08 and a 1 year high of $214.66. The business’s 50-day moving average is $203.81 and its two-hundred day moving average is $196.62. 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 firm has a market capitalization of $186.93 billion, a P/E ratio of 38.09, a P/E/G ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during 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 company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal 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 given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on 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 directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on 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 owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective 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 investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.