Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,289 shares of the semiconductor company’s stock after acquiring an additional 239 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Texas Instruments were worth $679,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. HBK Sorce Advisory LLC grew its holdings in Texas Instruments by 114.3% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,842 shares of the semiconductor company’s stock worth $495,000 after buying an additional 1,516 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Texas Instruments by 2.7% during the first quarter. Brighton Jones LLC now owns 12,972 shares of the semiconductor company’s stock valued at $2,260,000 after purchasing an additional 344 shares during the period. Tocqueville Asset Management L.P. raised its stake in shares of Texas Instruments by 6.0% during the first quarter. Tocqueville Asset Management L.P. now owns 17,580 shares of the semiconductor company’s stock valued at $3,063,000 after purchasing an additional 1,000 shares in the last quarter. Banco Santander S.A. lifted its holdings in Texas Instruments by 6.4% in the first quarter. Banco Santander S.A. now owns 5,827 shares of the semiconductor company’s stock worth $1,015,000 after purchasing an additional 350 shares during the period. Finally, M&G Plc bought a new position in Texas Instruments in the 1st quarter valued at about $16,331,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research analyst reports. Truist Financial reduced their price target 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. JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’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 value 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 $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. This trade represents a 11.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of NASDAQ TXN opened at $206.00 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a one year low of $150.15 and a one year high of $220.38. The business has a 50-day moving average price of $204.23 and a two-hundred day moving average price of $199.26. The firm has a market capitalization of $187.92 billion, a PE ratio of 38.24, a PEG ratio of 4.65 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted 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 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 firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.64%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 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.