Oppenheimer & Co. Inc. Sells 7,505 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer & Co. Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,109 shares of the semiconductor company’s stock after selling 7,505 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Texas Instruments were worth $12,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rossmore Private Capital boosted its holdings in Texas Instruments by 6.1% in the 3rd quarter. Rossmore Private Capital now owns 7,089 shares of the semiconductor company’s stock worth $1,464,000 after buying an additional 410 shares during the period. MQS Management LLC bought a new position in shares of Texas Instruments in the third quarter worth about $281,000. Simmons Bank grew its position in shares of Texas Instruments by 0.9% during the third quarter. Simmons Bank now owns 33,498 shares of the semiconductor company’s stock worth $6,920,000 after purchasing an additional 304 shares in the last quarter. Chase Investment Counsel Corp raised its stake in Texas Instruments by 5.3% during the 3rd quarter. Chase Investment Counsel Corp now owns 2,862 shares of the semiconductor company’s stock valued at $591,000 after purchasing an additional 145 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in Texas Instruments by 10.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 7,681 shares of the semiconductor company’s stock worth $1,587,000 after purchasing an additional 717 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN traded down $3.36 during mid-day trading on Wednesday, hitting $209.42. 1,226,182 shares of the company were exchanged, compared to its average volume of 5,475,382. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1-year low of $148.91 and a 1-year high of $220.38. The stock has a market cap of $191.04 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 4.72 and a beta of 0.99. The company has a 50 day moving average of $204.20 and a 200-day moving average of $199.21.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. Analysts expect 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. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred 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 owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents 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, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock worth $5,341,235. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $206.95.

About Texas Instruments

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.