KCM Investment Advisors LLC Has $738,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

KCM Investment Advisors LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 3,574 shares of the semiconductor company’s stock after purchasing an additional 50 shares during the quarter. KCM Investment Advisors LLC’s holdings in Texas Instruments were worth $738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Capital Research Global Investors lifted its position in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Legal & General Group Plc lifted its position in Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. Van ECK Associates Corp lifted its position in Texas Instruments by 3.6% during the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock valued at $1,244,381,000 after purchasing an additional 212,888 shares during the period. Fayez Sarofim & Co lifted its position in Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after purchasing an additional 104,806 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Texas Instruments by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after purchasing an additional 129,717 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TXN shares. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp upped their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling

In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. 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.

Texas Instruments Stock Down 2.4 %

TXN stock opened at $201.12 on Friday. 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 stock has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The business’s fifty day moving average price is $204.39 and its two-hundred day moving average price is $199.46. Texas Instruments Incorporated has a fifty-two week low of $150.81 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business earned $1.80 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.