Linscomb Wealth Inc. Sells 36,815 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Linscomb Wealth Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 69.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,476 shares of the semiconductor company’s stock after selling 36,815 shares during the period. Linscomb Wealth Inc.’s holdings in Texas Instruments were worth $3,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. KCM Investment Advisors LLC raised its position in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 50 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Texas Instruments by 76.2% in the third quarter. Empowered Funds LLC now owns 84,898 shares of the semiconductor company’s stock worth $17,537,000 after purchasing an additional 36,710 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Texas Instruments by 2.2% in the third quarter. Empirical Finance LLC now owns 31,432 shares of the semiconductor company’s stock worth $6,493,000 after purchasing an additional 663 shares during the last quarter. First Business Financial Services Inc. grew its stake in shares of Texas Instruments by 5.0% in the third quarter. First Business Financial Services Inc. now owns 12,156 shares of the semiconductor company’s stock worth $2,511,000 after purchasing an additional 578 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Texas Instruments by 5.7% during the 3rd quarter. CIBC Asset Management Inc now owns 306,288 shares of the semiconductor company’s stock valued at $63,270,000 after acquiring an additional 16,385 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.9 %

NASDAQ TXN traded down $1.79 during trading on Friday, hitting $204.21. The stock had a trading volume of 804,700 shares, compared to its average volume of 5,481,388. 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 stock has a market capitalization of $186.28 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $150.81 and a one year high of $220.38. The stock has a 50 day simple moving average of $204.32 and a 200 day simple moving average of $199.31.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’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. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TXN shares. Bank of America cut their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price 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. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Jefferies Financial Group lifted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock worth $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.