Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 14.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,815 shares of the semiconductor company’s stock after selling 3,748 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Texas Instruments were worth $4,713,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV raised its position in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Texas Instruments by 1.1% in the 3rd 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 in the last quarter. Verity Asset Management Inc. lifted its stake in shares of Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after purchasing an additional 54 shares during the period. Prentice Wealth Management LLC boosted its holdings in Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its position in Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 company’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 completion of the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TXN shares. Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

TXN opened at $204.92 on Monday. Texas Instruments Incorporated has a 1 year low of $143.08 and a 1 year high of $214.66. 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 company’s 50 day simple moving average is $203.81 and its 200 day simple moving average is $197.05. The stock has a market capitalization of $186.93 billion, a PE ratio of 38.09, a P/E/G ratio of 4.44 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The company 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 business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 EPS. As a group, sell-side analysts expect 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. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

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.